Detailed document provided to the buyer and seller of a piece of property that outlines what is owed by both parties participating in the transaction. This statement is provided as part of closing proceedings on the property and is required by federal law. All costs associated with the sale are included in this official document.
Related information about settlement statement:
- A. Settlement Statement (HUD-1)
A. Settlement Statement (HUD-1). HUD-1. Page 1 of 3. Previous edition are obsolete. B. Type of Loan. J. Summary of Borrower's Transaction. 100. Gross Amount ...
- Settlement Statement Definition | Investopedia
A statement that summarizes all the fees and charges that both the homebuyer and seller face during the settlement process of a housing transaction. This form ...
- HUD-1 Settlement Statement - Wikipedia, the free encyclopedia
The HUD-1 Settlement Statement is a standard form in use in the United States of America which is used to itemize services and fees charged to the borrower by ...
- A. Settlement Statement - Home Loan Learning Center
A. Settlement Statement. OMB Approval No. 2502-0265. C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and ...
- Understand the HUD-1 Settlement Statement aka Closing Statement ...
Sep 16, 2011 ... A layman's guide to understanding the HUD-1 form(settlement statement), RESPA and GFE. If you are struggling to understand this form, read ...
- Settlement Statement - Legal Dictionary - The Free Dictionary
A breakdown of costs involved in a real estate sale. Before real estate is sold, federal law requires both the buyer and seller to provide a settlement statement.
- Buying a Home - Understanding the HUD-1 Settlement Statement
Are you buying a home? The HUD-1 settlement statement is the standard real estate settlement form for federally-related mortgage loans. Deciphering the ...
- HUD-1 Settlement Statement
The "HUD-1" is also know as the settlement statement. ... The first page of the HUD-1 Settlement Statement summarizes all the costs and adjustments for the ...