HUD-1 statement

Definition

A document prepared by a closing agent describing a real estate transaction, including the escrow deposits for taxes, commissions, loan fees, points, hazard insurance, and mortgage insurance. also called closing statement or settlement sheet.

Use HUD-1 statement in a sentence

You should try and make sure that you know all of the details before you start to prepare your hud-1 statement.

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You may want to try and make sure that you understand everything in a hud-1 statement before you sign off on it.

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The hud-1 statement described the transaction and I thought it was really well presented and well written by the company.

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