What Is A Settlement Statement?
A settlement statement, also known as a closing statement or HUD-1 (Housing and Urban Development-1) form in the United States, is a document used in real estate transactions to outline the details of a property sale. It provides a summary of all the financial transactions that occur between
Do I Need Flood Insurance?
Whether you need flood insurance depends on several factors, including where you live, your risk of flooding, and your financial situation. Here are some key points to consider: 1. Location: The most critical factor in determining whether you need flood ins
Do I Have To Disclose Problems With My House?
I know of issues with my home. Do I need to disclose them? Yes, in most jurisdictions, you are legally obligated to disclose known problems with your house when selling it. This is typically done through a document called a “Seller’s Disclosure” or “Property Disclosure Statement,” which varies i
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