Understanding the HUD-1 Settlement Statement in Arizona
By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Closing on a home in Arizona is an exciting step—but it comes with a fair amount of paperwork. One of the most important documents you’ll review at the closing table is the HUD-1 Settlement Statement. This document breaks down all the costs associated with your real estate transaction, and understanding it can save you from surprises and confusion.Let me walk you through what the HUD-1 is, what it includes, and how to make sense of it—especially if you're buying or selling in the Phoenix metro area, East Valley, or anywhere in beautiful Arizona.What is a HUD-1 Settlement Statement?The HUD-1 Settlement Statement is a standardized form used in most real estate closings to itemize all final credits and charges for both the buyer and the seller. Think of it as the financial scoreboard that ...
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