HUD-1 (HUD, Settlement Statement, Uniform Settlement Statement). A form prepared by the closing attorney which itemizes and discloses all financial details of a real estate transaction.

Charges that are listed on the settlement statement include real estate agent commissions, lender charges, initial escrow reserves, title charges, and any other charge affecting the transaction.

The HUD is required for all transactions which involve a federally-related mortgage loan. As a practical matter however, every closing will have a HUD.

A sample HUD for a sale transaction may be viewed here. Please note, though, that the figures used are for example only.

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