Thursday 9 February 2012

What is a HUD?

A HUD is a settlement statement document.

The first page you have a summery of the buyers transaction (on the left side) and the sellers (on the right) There are a contract purchase price settlement charges, earnest, taxes, security, rent and prorated.

On the second page you have the itemised brake down of the 1st page.
The buyers pay all the closing cost which are title insurance fee, wire express fee, document preparation fees etc.

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