Understanding The HUD-1 Form, Part 2

In our first entry in this series we look at the header, sections A through I. Now let’s move on to sections J and K on the HUD settlement statement form, which break down the borrower’s and seller’s transactions respectively. We are going to talk about these sections together because…

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The Most Important Tool For New Real Estate Agents

Real estate can be a lucrative career. It is a particularly attractive pursuit for people trying to balance career and family since the job typically allows more flexibility than a traditional job. However as new agents quickly discover, real estate transactions are a bit more complicated than buying a cup…

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Real Estate Transactions: Don’t Work Without A Net (Mortgage)

Real estate transactions are not simply money going from the buyer to the seller. A host of payments must be made to other parties including government agencies, insurance companies, home inspectors…oh and you too. You need to not only keep track of all these charges that come off the HUD…

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Keep The Faith: EasyHUD Streamlines Good Faith Estimate Calculations

The U.S. Department of Housing and Urban Development (HUD) made a number of changes to the Real Estate Settlement Procedures Act (RESPA) designed to protect consumers from unreasonably high settlement charges. These changes, effective January 2009, modified the HUD-1 form in several ways, in part to streamline the comparison between…

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