Real Estate Glossary

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Definitions of HUD-1

  • The form used at closing, itemizing all charges imposed on a borrower and seller in a real estate transaction This definition of HUD-1 contributed by James Boyer.
  • HUD-1 is a 2-page closing form that borrowers receive that spells out the costs associated with the settlement. One of its purposes is to help consumers become better shoppers for settlement services.

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Related Terms

HUD
Real Estate