As a real estate agent or broker, it’s imperative that you understand the HUD-1 Settlement Statement thoroughly. It’s not so that you can do the math for the client, but at least you need to be able to explain how it was done, or where these numbers come from.
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How can I get a copy of my HUD 1 on a home sale? I don’t know who our title company was. Thanks! Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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HUD-1 Settlement Statement The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions.
Where can I find filings of HUD-1 statements? Ask Question. If I needed a HUD-1 form from 15 years ago, I wouldn’t ask the real estate agent, I would ask the settlement company.. The local government probably doesn’t have a copy of the HUD-1, but they do have paperwork documenting the sale.
Diane Cipa said.. Hi, Anon: I have been told by real estate brokers in PA that they are required to keep their files for 3 years. Beyond contractual arrangements with underwriters and basic tax record rules, I am unaware of any law that dictates how long a title agent must keep a file.
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Try calling the Title Company that handled the settlement. They are probably your best bet for finding a copy. If they don’t have one, they may be able to steer you to someone who does.
– The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage , you receive a HUD-1.