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What is a HUD-1 and when should I expect to receive it?

April 26, 2017expect hud-1

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What is a HUD-1 and when should I expect to receive it?

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A HUD-1 statement is a form used by the settlement agent to itemize all charges imposed upon a borrower and seller for a real estate transaction. You should receive this statement a least one day before closing from your title company, closing attorney or escrow agent. Monies should not be exchanged without you first signing the HUD-1 settlement statement. Click here to view a sample HUD-1.