Blog Posts - Settlement Statement



Change of Ownership? What about the Section 8 Tenant?

Bundling Tenants Change of Ownership occurs frequently among real estate investors. One of the most successful investment strategies for real estate investors that sell properties for a living is bundling the tenant with the sale of the property. Why...
by Section 8 Miami Florida on Jun 8, 2012

Buyer Beware...if you are purchasing an investment property Section 8 tenant included. [del.icio.us]

Investors, if you are buying an investment property with a bundled Section 8 tenant, make sure you discuss Section 8's Change of Ownership procedures with the Seller.

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

Digital Case Management for the Real Estate Lawyer/Attorney

Tweet The task of a real estate lawyer is not an easy feat. It entails excellent management skills in order for him or her to efficiently perform their key functions. A few of which include the following tasks:   Preparing for the financial summ...
by Legal Software & Technology on Jun 5, 2011

H & R Block Free File Step By Step: Adjustments and Deductions

Get Started: Adjustments and Deductions   Adjustments and deductions lower the amount of money the IRS will tax. Common records you’ll need:Homeowner Expenses Forms 1098 for home mortgage interest and real estate taxes HUD-1 settlement stat...
by Tax Topics Plain and Simple on Mar 22, 2011

Give Yourself Credit, Part 3: Homebuyer Credits

There are some little known ways that individuals can reduce or eliminate their tax liability.  Other than having a child, here are some credits that if you qualify, can make the difference between a balance due and a tax liability.  &...
by Tax Topics Plain and Simple on Feb 14, 2010

Mortgage from neighborhood bank or a mortgage broker?

I need a mortgage for my first home. I have excellent credit (FICO score 780), steady income and job, and I can put 20% down. In my case, is it better to go to a bank or to a mortgage broker company (the ones that compare many different lenders)?
by Financial Planning on Aug 14, 2009

House insurance – Ohio?

This is my first home Im buying in NE Ohio. Also this is the first home Ive bought that will be cash paid off. It was a good deal from a foreclosure HUD. In the past Ive had morgages that include insurance,ect….Will I need to get insurance, and...
by FHA Loan Rates on Aug 12, 2009


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