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Get Real Estate Closing Statement Form
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How to fill out the Real Estate Closing Statement Form online
Filling out the Real Estate Closing Statement Form online is an essential step in finalizing a property transaction. This guide will provide you with clear instructions to ensure that you complete the form accurately and efficiently.
Follow the steps to complete the form with ease.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling out the premises, block, and lot numbers. These details are critical to identify the property involved in the transaction.
- Enter the adjustments as of the closing date, which clarifies any financial adjustments made before the transfer is finalized.
- Indicate the title number, which is essential for property title verification.
- Specify the office where the closing is taking place, ensuring all parties are aware of the location.
- List the individuals present at the closing, including the bank attorney, broker, title closer, and mortgage broker, to document who was involved in the transaction.
- Record the credits to the buyer and seller. These entries will highlight any financial adjustments during the closing process.
- Input the purchase price and related financial details such as payment on contract, first mortgage balance, and interest rate.
- Detail the disbursements, including payments to various parties involved in the transaction, such as city/state tax and funding amounts to water, sewer, and maintenance.
- Complete the Insurance Schedule section by providing the policy number, insurance company, policy amount, premium, term, and expiration date.
- Fill in the mortgage details, including the principal amount, the holder of the mortgage, monthly payments, and whether the mortgage has fixed or variable interest.
- At the end, confirm all entries, save your changes, and choose to download, print, or share the completed form as needed.
Take the next step in your real estate transaction and complete your documents online today.
A HUD-1 form, also called a HUD-1 Settlement Statement, is a standardized mortgage lending document. Creditors or their closing agents use this form to create an itemized list of all charges and credits to the buyer and to the seller in a consumer credit mortgage transaction.
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