Real Estate Term of the Day: HUD-1 Statement

Real Estate Term of the Day: HUD-1 Statement HUD-1 STATEMENT – same as Uniform Settlement Statement which is the form prescribed by the Real Estate Settlement Procedures Act (RESPA) for Federally related mortgages, which must be prepared by whoever handles a closing, must contain certain relevant closing information, and must be given to buyer and … More Real Estate Term of the Day: HUD-1 Statement