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OMB Approval No. 25020265A. SettlementStatement (HUD1)Estimated B. Type of Loan 1. 4.FHA 2. 5. X VARHS3.Conv. Unins.Conv. Ins.6. File Number:7. Loan Number:8. Mortgage Insurance Case Number:4101241LN100559434292960737714C.
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What is form hud 1 hud?
Form HUD-1 is a standardized form used in real estate transactions to itemize services and fees charged to borrowers and sellers in a real estate settlement.
Who is required to file form hud 1 hud?
The Form HUD-1 must be filed by settlement agents involved in the closing of real estate transactions, typically lenders, title companies, or attorneys.
How to fill out form hud 1 hud?
To fill out Form HUD-1, gather all relevant information about the transaction, including borrower and seller details, itemize all costs and fees, and ensure the totals for debits and credits balance.
What is the purpose of form hud 1 hud?
The purpose of Form HUD-1 is to provide a clear and detailed account of all financial transactions in a real estate closing, facilitating transparency between parties involved.
What information must be reported on form hud 1 hud?
Form HUD-1 must report the transaction's parties, purchase price, loan amount, settlement charges, and other costs associated with the real estate transaction.
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