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 HUD statement — or HUD-1 Settlement Statement — is a summary document that details loan costs and credits on reverse mortgages and mortgage refinances. This document acts as an itemized list of all ...