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The End of the HUD-1 Settlement Statement – THIS WILL CHANGE THE WAY WE DO BUSINESS!!

The End of the HUD-1 Settlement Statement – THIS WILL CHANGE THE WAY WE DO BUSINESS!! post image

The closing process as we know is about to change!  As of August 1st, 2015 Sellers and buyers will be signing a 6 page document called a “Closing Disclosure” vs a 3 page HUD Settlement Statement that is used now.  Created by the CFPB (Consumer Financial Protection Bureau) this new document is more transparent and  seemingly easier for your client to read.
To get informed click here.

To see a copy of the new Closing Disclosure click here.