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Get Interactive Hud-1 Settlement Statement - Prestige Title Agency
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How to use or fill out the Interactive HUD-1 Settlement Statement - Prestige Title Agency online
Filling out the Interactive HUD-1 Settlement Statement online can be a straightforward process with the right guidance. This guide provides step-by-step instructions to help users accurately complete each section of the form, ensuring a smooth settlement experience.
Follow the steps to fill out the Interactive HUD-1 Settlement Statement.
- Press the ‘Get Form’ button to access the Interactive HUD-1 Settlement Statement and open it in the editor.
- Begin with Section A, which requires no entries. Move to Section B and select the appropriate loan type while completing any other applicable fields.
- In Section C, note that no additional entries are needed here as it provides a notice regarding settlement costs.
- Proceed to Sections D and E to fill in the names, addresses, and zip codes of the Borrower and Seller. For multiple participants, use a supplementary page as necessary.
- In Section F, provide the name and address of the Lender to ensure clarity in communication.
- In Section G, specify the street address of the property being sold. If a full street address is unavailable, provide a brief legal description.
- For Section H, enter details of the settlement agent, including their contact information and place of settlement.
- Fill in the date of the settlement in Section I to indicate when the transaction is expected to occur.
- Section J requires a summary of the Borrower’s transaction. Complete lines for gross amount due from the borrower, sales price, and any adjustments.
- In Section K, similarly, summarize the Seller’s transaction, including required disclosures for the sales price and adjustments.
- Continue to Section L to detail settlement charges. Provide all relevant charges and itemize as necessary, ensuring clarity for both borrowers and sellers.
- After reviewing all sections for accuracy, save your changes. You may also download, print, or share the completed form.
Streamline your document management by completing your Interactive HUD-1 Settlement Statement online today.
A HUD-1 is not a public document. It is a disclosure required to be given to the buyer and seller and with TRID, the use of a HUD-1 would be very limited in scope in today's world.
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