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ExpiredHUD-1 Settlement Statements: What You Need To Know

Name: HUD-1 Settlement Statements: What You Need To Know
Start: 2017-10-05T19:00:00-05:00
End: 2017-10-05T20:30:00-05:00
Location: Next Level Realty Group Education/Training Room

Fundamentals

NEW RULES!!! NEW HUD1!!!

The HUD-1 settlement statement is a standard government real estate form that was designed to give each party a complete list of their incoming and outgoing funds.

Effective October 3, 2015, new rules established by the Consumer Financial Protection Bureau made the HUD-1 Settlement Statement become obsolete, and has since been replaced by a document called the Closing Disclosure that consolidates the HUD1, Good Faith Estimate, and Truth in Lending Act disclosures.

But what does this mean? And specifically for a real estate investor? Well, a LOT.

KRISTIN BLAY, SENIOR ESCROW OFFICER with ALAMO TITLE COMPANY, will be here on THURSDAY, 10/5 to run through one of the key changes of this document. You’ll learn:

What notice is required
What changes have affected the format
What the new rules are and what it means to you

Come see what is different!

Be sure to bring your business cards for great networking and
door prizes!!