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What is a HUD-I Settlement Statement?

April 26, 2017hud-i

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What is a HUD-I Settlement Statement?

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The HUD-I Settlement Statement is the document prepared by the title company at closing which shows where all of the money in the transaction is coming from and going to. It gives a ‘financial picture’ of the closing transaction. At closing, the title company is responsible for preparing the HUD-I Settlement Statement in accordance with the contract, lender’s instructions, market practice and state and federal laws.