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Important Notice The Depository Trust Company#:094714Date:May9,2014To:AllParticipantsCategory:DividendsFrom:InternationalServicesAttention:Operations, Reorg&DividendManagers, Partners&Cashiers TaxReliefCountry:Portugal

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How to fill out hud 1 settlement statement

01

To fill out a HUD-1 Settlement Statement, follow these steps:

02

Start by entering the basic information such as the name of the buyer, seller, and the property address.

03

Fill in the loan information, including the loan amount, interest rate, and term.

04

Provide details about any adjustments, such as prorated taxes or prepaid interest.

05

List any fees or expenses associated with the transaction, such as attorney fees, title insurance, or loan origination fees.

06

Calculate the total amount due from the buyer and seller, including the down payment, loan amount, and adjustments.

07

Review the statement for accuracy and make any necessary revisions.

08

Sign and date the HUD-1 Settlement Statement, along with the buyer and seller.

09

Keep a copy of the completed form for your records.

Who needs hud 1 settlement statement?

01

A HUD-1 Settlement Statement is typically needed by anyone involved in a real estate transaction, including:

02

- Buyers and sellers

03

- Lenders

04

- Real estate agents

05

- Attorneys

06

- Title companies

07

- Mortgage brokers

08

- Government agencies

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What is hud 1 settlement statement?

The HUD-1 settlement statement is a document used in real estate transactions in the United States to itemize all charges and fees paid by the borrower and seller.

Who is required to file hud 1 settlement statement?

The closing agent or settlement agent is responsible for preparing and filing the HUD-1 settlement statement.

How to fill out hud 1 settlement statement?

The HUD-1 settlement statement can be filled out by providing details about the transaction, including the buyer's and seller's information, property details, loan details, and all relevant fees and charges.

What is the purpose of hud 1 settlement statement?

The purpose of the HUD-1 settlement statement is to provide a complete breakdown of all costs associated with a real estate transaction, ensuring transparency and accuracy.

What information must be reported on hud 1 settlement statement?

The HUD-1 settlement statement must include details such as the property address, purchase price, loan terms, closing costs, taxes, and any other fees or expenses related to the transaction.

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