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

Real Estate Term of the Day: Home Warranty

Real Estate Term of the Day: Home Warranty HOME WARRANTY – offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowners’ insurance; coverage extends over a specific time period and does not cover the home’s structure (HUD Glossary)  Learn more about receiving your home warranty at closing Below is a … More Real Estate Term of the Day: Home Warranty