Settlement Statement

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OMB Approval No. 2502-0265
A. Settlement Statement (HUD-1)
B. Type of Loan
1.
FHA
2.
RHS
3. X Conv. Unins. 6. File Number:
7. Loan Number:
8. Mortgage Insurance Case Number:
CS1413840
4.
VA
5.
Conv. Ins.
C. Note:
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. Name and Address of Borrower:
E. Name and Address of Seller:
F. Name and Address of Lender:
Eager Buyer
Joe Seller
Mortgage Express
123 N. Main St.
Memphis, TN 38017
G. Property Location:
H. Settlement Agent:
I. Settlement Date:
123 N. Main St.
CloseTRAK, LLC
Memphis, TN 38017
8046 N. Brother Blvd., Suite 103
January 15, 2015
Shelby County, Tennessee
Bartlett, TN 38133
Ph. (901)333-1360
Place of Settlement:
8046 N. Brother Blvd., Suite 103
Bartlett, TN 38133
J.
Summary of Borrower's transaction
K.
Summary of Seller's transaction
100. Gross Amount Due from Borrower:
400. Gross Amount Due to Seller:
101. Contract sales price
150,000.00
401. Contract sales price
150,000.00
102. Personal property
402. Personal property
103. Settlement Charges to Borrower (Line 1400)
5,793.26
403.
104.
404.
105.
405.
Adjustments for items paid by Seller in advance
Adjustments for items paid by Seller in advance
106. City/Town Taxes
to
406. City/Town Taxes
to
107. County Taxes
to
407. County Taxes
to
108. Assessments
to
408. Assessments
to
109.
409.
110.
410.
111.
411.
112.
412.
120. Gross Amount Due from Borrower
155,793.26
420. Gross Amount Due to Seller
150,000.00
200. Amounts Paid by or in Behalf of Borrower
500. Reductions in Amount Due Seller:
201. Deposit or earnest money
1,000.00
501. Excess deposit (see instructions)
202. Principal amount of new loan(s)
120,000.00
502. Settlement charges to Seller (Line 1400)
10,334.00
203. Existing loan(s) taken subject to
503. Existing loan(s) taken subject to
204.
504. Payoff First Mortgage
205.
505. Payoff Second Mortgage
206.
506.
207.
507. (Deposit disb. as proceeds)
208.
508.
209.
509.
Adjustments for items unpaid by Seller
Adjustments for items unpaid by Seller
210. City/Town Taxes
01/01/15
to 01/15/15
48.90
510. City/Town Taxes
01/01/15 to 01/15/15
48.90
211. County Taxes
01/01/15
to 01/15/15
62.90
511. County Taxes
01/01/15 to 01/15/15
62.90
212. Assessments
to
512. Assessments
to
213.
513.
214.
514.
215.
515.
216.
516.
217.
517.
218.
518.
219.
519.
121,111.80
10,445.80
220. Total Paid by/for Borrower
520. Total Reduction Amount Due Seller
300. Cash at Settlement from/to Borrower
600. Cash at settlement to/from Seller
301. Gross amount due from Borrower (line 120)
155,793.26
601. Gross amount due to Seller (line 420)
150,000.00
(
)
(
)
302. Less amount paid by/for Borrower (line 220)
121,111.80
602. Less reductions due Seller (line 520)
10,445.80
X
303. Cash
From
To Borrower
34,681.46
603. Cash
X
To
From Seller
139,554.20
* Paid outside of closing by borrower(B), seller(S), lender(L), or third-party(T)
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not collect this information, and you are
not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to a RESPA covered
transaction with information during the settlement process.
HUD-1
Page 1 of 3
(CS1413840.PFD/CS1413840/14)

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