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Instructions and help about form 2880

hi my name is Lena Gretchen Keller Williams Realty today we'll be discussing how to file hud-1 statements a hud-1 statement is a form that itemizes all charges imposed on a borrower and a seller in a real estate transaction few examples would be the purchase price what a mortgage what amount the mortgage is taking if there's maybe a home warranty provided the Commission for the real estate agents all those numbers will be placed on a HUD one statement this HUD one gets signed by the buyer and the seller and then each party and the transaction receives one at the end of closing the title company the buyer the seller both real estate agents so if the one for the buyer and the one for the seller if they're not the same and then if there is a lender involved for the buyer they also get a HUD one statement also if there was a mortgage on the property from the seller they also get a head one statement so those are all the locations that HUD one statement will be sent to once the transaction

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