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The Good Faith Estimate is the form consumers get when they are shopping for a mortgage. The HUD-1 is the actual settlement statement detailing the loan. HUD has simplified the HUD-1, too, although.

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 · So CFPB’s solution is to do away with the current 3-page HUD-1 and replace it with a lengthier and more complicated 5-page document called the Settlement Disclosure Form. This is hardly an improvement. In our experience at the closing table, homebuyers are less likely to review lengthier disclosure forms compared to short form disclosures.

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The HUD-1 settlement statement is a standard government real estate form that was once used by the settlement agent (also called the closing agent) to itemize all charges imposed upon a borrower and seller for a real estate transaction.

Settlement Statement will show a detailed itemization of all the costs pertaining to the real estate sale or mortgage loan transaction. In some areas, the settlement statement may be called the Closing Statement, the Settlement Statement, or the HUD-1 Settlement Statement or simply the HUD-1.

Does anyone know where I can get a copy of my HUD-1/Settlement Statement? It’s one of the items that my lawyer wants for the purchase of my home, but I can’t seem to find it.

HUD1 settlement statement may vary somewhat, but in general all of your refinancing expenses would be deductible for a property used in business or rental activities.Find the Total Settlement Charges on page 2, line 1400.. Deductible HUD1 expenses and the approximate line locations: escrow Fees- 1102

15 Items on a HUD-1 Settlement Statement That Should be Double-Checked for Accuracy: Price: This is by-far the most obvious box to check on the HUD 1 settlement statement, but believe it or not, I see wrong numbers in here more often than you would think. In fact just last week I was closing on a new purchase and noticed the price was almost.