Tag Archives: Sale

Explanation of The Hud Settlement Statement of Home Sale (3)

Explanation of The Hud 3 Explanation of The Hud Settlement Statement of Home Sale (3)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.

Explanation of The Hud Settlement Statement of Home Sale (2)

Explanation of The Hud 2 Explanation of The Hud Settlement Statement of Home Sale (2)The 400s are an itemized list of what is owed to you. Breaking it down a bit further:

  • line 401 is the actual sales price;

Explanation of The Hud Settlement Statement of Home Sale

Explanation of The Hud Explanation of The Hud Settlement Statement of Home Sale 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.

The Hud Settlement Statement of Home Sale

Statement of Home Sale  The Hud Settlement Statement of Home SaleThe HUD Settlement Statement, known as HUD-1, is the final accounting of your home sale transaction. This settlement sheet breaks down and itemizes all the various credits and expenses that are part of the transaction.