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HUD-1 IS OUT AND CD ALTA ARE IN A new 5-page closing statement called the Closing Disclosure or CD and an ALTA Settlement Statement Combined.
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Your HUD-1 Settlement Statement The HUD-1 is the financial picture of the real estate closing It shows all of the money transfers between the buyer and seller.
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Line items in this section detail the charges for services performed by the title company or attorneys.
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Before real estate is sold, there are many requirements and costs associated with closing that make it more complex than buying something at a store.
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The lender can smooth the transition to follow the new guidelines by auditing their privacy policies and ensuring the policies are communicated to all parties in advance of the closing.
You will find your estimated total monthly payments, depending upon your agreement of sale with the seller.