Blog Posts - Hud-1

CFPB Rolls Out New “Loan Estimate” Closing Cost Disclosure; Check Out What It Looks Like

The Consumer Financial Protection Bureau (CFPB) recently rolled out new closing cost estimate disclosure rules that combine the familiar Good Faith Estimate (GFE) and Truth-In-Lending (TIL) disclosures into one easier-to-read form called the Loan Est...

Here’s What You Can Expect at a Real Estate Closing

A Real Estate Closing refers to the meeting where ownership of the property is legally transferred to the buyer. First, there is the parade of munchkins welcoming the buyer to the wonderful world of home ownership. Then, there arrives the ceremonial...
by Home Closing Process on Nov 5, 2013

Understanding the HUD-1 Settlement Statement

Tweet What is the HUD-1 Settlement Statement? HUD is an acronym for Housing and Urban Development,  and represents the arm of the U.S. government department responsible for legislation relating to home ownership and property development within the U...
by Legal Software & Technology on Sep 16, 2011

Top 10 First-Time Homebuyer Credit Tax Tips

If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim the First-Time Homebuyer Credit. Claiming this credit might mean a larger refund. ~ Do your taxes for FREE with TurboTax Onl...
by File Your Taxes on Apr 12, 2010

Your Next Closing Maybe Different

At the next closing you attend, you will see a new HUD-1.  The HUD-1 is the 8 by 14 paper that the seller, buyer, and the closing agent all sign to transfer ownership of a property. The reason for the changes to the HUD-1 was done to allow the consu...
by Taylor-Brown Real Estate Talks on Feb 12, 2009

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