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hello homebuyers and real estate agents the hud-1 is going away and I'm going to explain in detail how to read the new closing disclosure and what that means to you but first especially for home buyers you want to realize what a real estate transaction is like it's like dominos as you see on the picture here you set up all kinds of dominoes and that's the same as a real estate transaction there's many little steps that need to be accomplished before we can actually close the deal now if there's any one of these dominoes or one of these steps that are left out that isn't completed then you're not going to get the deal done it's not going to close so it's so important that you have a system in place to make sure that all the little things get taken care of so there's not a delay especially with this new law that says this closing disclosure form has to be complete and accurate three days before the close of escrow now it used to be that real estate agents would forget to order a home war

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