HUD-1 Settlement Statement

Definition of "HUD-1 Settlement Statement"
  1. A document finalized at the completion of a real estate transaction that itemizes fees, payments, and adjustments involved in the property purchase
How to use "HUD-1 Settlement Statement" in a sentence
  1. The buyer reviews the HUD-1 Settlement Statement to get a clear understanding of all the costs involved in the property transaction.
  2. Before the final transaction, both the buyer and seller must agree on the details in the HUD-1 Settlement Statement.
  3. The real estate agent explained that every charge, from the realtor's fee to the title insurance cost, would be outlined in the HUD-1 Settlement Statement.

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