Tag Archives: Hud Settlement
The 600s are simply the total due to you less the total expenses to give you a bottom line on line 603. The second page of the settlement statement itemizes all the expenses from Line 502 on the first page. Again, as the seller, your column is on the right side of the page. The numbering system works like this.
- line 401 is the actual sales price;
The HUD Settlement Statement is two pages in length and is set up almost like a balance sheet. The first page is an overview of the transaction, and the second page breaks down the specifics of your costs in selling the property. Both the buyer’s and seller’s figures appear on the same two-page settlement sheet. You will see a blank HUD-1 form included in the next couple pages of this book.