Understanding The New HUD

The HUD-1 Settlement Statement (HUD-1) is a form that lists all the charges and credits to the seller and borrower in a transaction. You have the right under RESPA (Real Estate Settlement Procedures Act) to inspect the  HUD-1 Settlement Statement before settlement occurs. The new booklet from the US Department of Housing and Urban Development helps guide you through this extensive form.

For Sellers, some highlights include,

• Purchasing Time-line
• Negotiating the Terms of the Sales Agreement
• Understanding which charges can change at settlement
• Line by line explanation of the entire form

Click here for a FREE download of the complete report.

Cheryl Ashurst, Realtor
334-323-1124 or Toll Free 800-475-2243 ext 124
Certified Residential Specialist (CRS) & Broker Associate
Helping You Move Team with RE/MAX of Montgomery

Vote “YES” to Tax Credit for ALL Homebuyers

Contact your Senators & Congressmen to encourage them to vote YES for the Home Buyer Tax Credit Act of 2009. This bill will expand the first-time homebuyers tax credit by making the credit available to ALL Homebuyers, extending the tax credit for one year after it is enacted and increasing the credit to a maximum of 10% of the home’s purchase price of $15,000.  Here’s a letter from our Senator, Jeff Sessions:

 

Cheryl Ashurst, Realtor
CALL: 334-323-1124 
Toll Free 800-475-2243 ext 124
Certified Residential Specialist (CRS) & Broker Associate
Helping You Move Team with RE/MAX of Montgomery