Hud-1/Settlement Statement

Comments(7)

• 
  rickpozos12th February, 2004

  Bank needs to know what they will NET. Include anything that they will have to pay, the rest you will.

• 
  VinceH12th February, 2004

  Are you working with a lender for your funding? They should be able to provide you with HUD 1 statement.

• 
  edmeyer12th February, 2004

  You might also get a blank HUD-1 from a title company. This will give you the information you need.

• 
  Rachelle12th February, 2004

  There is also a website called EasyHUD. You pay $20/mth and the website does them for you. You just plug in all the numbers and it emails you a filled out HUD-1 statement. There is also other info on the site like a short sale message board and links, etc.

• 
  patricc6812th February, 2004

  i agree with rachelle, www.easyhud.com gets a hud-1 out quick..the lender basically only wants to know what they will net, so alot of whats on the estimated hud-1 is not relavent to the lender but the bottom line..alot of good info is also available from the site as well..good luck..
  regards-pat

• 
  posherov14th February, 2004

  Also, if you are doing a cash deal and are using a title company for the closing, you can have them work directly with the bank to provide a net sheet. The title comapny will need a release from the seller, a contract and contact information for the person you're working with at the bank.
  
  Good luck!

• 
  jfmlv195014th February, 2004

  Here are a couple more HUD 1 sources:
  
  http://www.thecreativeinvestor.com/modules.php?name=Downloads&d_op=viewdownload&cid=2
  
  http://www.hudclips.org/sub_nonhud/html/pdfforms/1.pdf
  
  http://170.97.67.13/offices/hsg/sfh/res/resappa.cfm
  
  John (LV)