I am new and trying to learn, could somebody tell me what a HUD 1 is? Thanks in Advance.
A document prepared by a closing agent describing a real estate transaction, including the escrow deposits for taxes, commissions, loan fees, points, hazard insurance, and mortgage insurance. also called closing statement or settlement sheet.
Thank you, I was thinking that it had to do with buying a HUD property.
A document prepared by a closing agent describing a real estate transaction, including the escrow deposits for taxes, commissions, loan fees, points, hazard insurance, and mortgage insurance. also called closing statement or settlement sheet.
Thank you, I was thinking that it had to do with buying a HUD property.