The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.

Is a HUD statement public record?

A HUD-1 is not a public document. It is a disclosure required to be given to the buyer and seller and with TRID, the use of a HUD-1 would be very limited in scope in today’s world.

Is a HUD statement required?

Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act.

How do I get my HUD 1 settlement statement?

Go to the land records office and get a copy of the Deed. If you don’t want to, pay an attorney a few hundred dollars to get a copy. Subject: Can you get a copy of your HUD 1 settlement statement if your title company has closed? Go to the land records office and get a copy of the Deed.

Is a HUD 1 Settlement Statement Required?

What happened to the HUD 1 Settlement Statement?

A HUD-1 form, also called a HUD-1 Settlement Statement, is a standardized mortgage lending document. A HUD-1 form is most commonly used for reverse mortgages and mortgage refinance transactions. As of October 3, 2015, the Closing Disclosure form replaced the HUD-1 form for most real estate transactions.

Who is responsible for preparing the HUD-1 document?

Settlement agents
Settlement agents are responsible for preparing the HUD-1 statement that’s given to home sellers and buyers. These agents may be attorneys, real estate brokers, lender employees, mortgage brokers or title-company employees.

When was the HUD-1 Settlement Statement used?

When Was the HUD-1 Used? The statutes of the Real Estate Settlement Procedures Act (RESPA) required that the HUD-1 form be used as the standard real estate settlement form in all transactions in the United States that involved federally related mortgage loans. 2

Is the HUD 1 statement a public record?

HUD 1 Statements are not a matter of public record, they are not recorded with the county. Thanks everyone for your responses! I called the attorney who handled my escrow and they emailed me a copy.

When did HUD change from Closing Disclosure to HUD-1?

Borrowers began receiving a form called the Closing Disclosure instead of a HUD-1 for most kinds of mortgage loans after October 2015. The change was in response to the TILA RESPA Integrated Disclosures, or simply TRID, which overhauled the way mortgages are processed and disclosed. 3

Where can I find filings of HUD-1?

Otherwise, the title company should have a copy of it. If you don’t know which company was used, they should be named as Trustee on the Deed Of Trust (which in most states is the official name of the document that we call a “mortgage”).