Settlement Statement

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A. Settlement Statement (HUD-1)
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - OMB No. 2502-0265
B. Type of Loan
1
FHA
2
RHS 3
Conv Unins
6. File Number: 7. Loan Number:
8. Mort Insurance Case Number:
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 totals.
D. Name & Address of Borrower:
E. Name & Address of Seller:
F Name & Address of Lender:
G. Property Location
H. Settlement Agent:
I. Settlement Date:
KING TITLE COMPANY, INC.
25 Hooks Lane, Suite 316, Pikesville, MD 21208
(410) 486-KING, (410) 486-5605 (FAX),
Place of Settlement: Baltimore, Maryland
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
401
Contract sales price
102
402
103
Settlement charges to borrower (line1400)
403
104
Property tax
to
404
105
Condo/HOA
to
405
Adjustments for items paid by seller in advance
Adjustments for items paid by seller in advance
106
Property tax
to
406
Property tax
to
107
Condo/HOA
to
407
Condo/HOA
to
108
408
109
409
110
410
120
Gross Amount Due from Borrower
420
Gross Amount Due to Seller
200 Amounts Paid by or in Behalf of Borrower
500 Reductions in Amount Due to Seller
201
Deposit held by seller
501
Deposit held by seller
202
Principal amount of new loan
502
Settlement charges to seller (line 1400)
203
Deposit held by realtor
503
Payoff of mortgage loan
204
Deposit held by title
504
Payoff of mortgage loan
205
505
Overnight express payoff
206
506
207
507
208
Credit from Seller
508
Credit from Seller
Adjustments for items unpaid by seller
Adjustments for items unpaid by seller
210
Property tax
to
510
Property tax
to
211
Ground rent
to
511
Ground rent
to
212
Water
to
512
Water
to
213
Condo/HOA
to
513
Condo/HOA
to
214
514
Water bill due
215
515
Rental Registration
216
516
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 amt due from borrower
(line 120)
601
Gross amount due to seller (line 420)
302
Less amt paid by/for borrower (line 220)
602
Less reduction amount to seller(line 520)
303
Cash
From
Borrower
603
Cash
To
Seller
Maryland Withholding Tax
Balance payable to Seller

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