The U.S. Department of Housing and Urban Development (HUD) has created a variety of standardized forms for use in certain mortgage transactions and HUD programs. One common HUD form is the HUD-1 ...

Q: I paid $160,000 for a condominium recently. On the HUD-1 statement, the sales price was listed as $160,000 but there was also a cost of $30,000 that I had to pay. This was a short sale. I would ...

Q: Do we have to do a HUD-1 form on a cash sale? The home is paid off and I am selling for cash. There is no lender involved. A: The answer is no. For my readers, a HUD-1 is the settlement statement ...

A pile of paperwork thuds onto the closing table at any home sale or refinance. One of the key documents is a government-mandated settlement statement that dissects the costs of the deal. It also ...

The U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal ...