What is a settlement statement?

Answer A settlement statement lists all fees a homebuyer as well as a seller are responsible for during the settlement of a housing transaction. The settlement statement is also referred to as the HUD-1. ... Read More »

Top Q&A For: What is a settlement statement

Definition of a HUD-1 Settlement Statement?

The Department of Housing and Urban Development (HUD)-1 settlement statement refers to a standard written document itemizing the transaction costs and settlement fees among buyers, sellers, settlem... Read More »

Do you need to sign a proof of loss statement if the appraiser and umpire decide the claim amount or just sign the settlement check to close the case?

Signing a Proof of Loss Statement You needn't do either as long as you have given the appraiser full right to negotiate your claim on your behalf. Therefore, when the appraiser signs the appraisal... Read More »

Your Mother passed away 2 years ago and you are getting a settlement can credit card debt go after the settlement?

Answer Well, if they are garnishing your wages, than probably yes. What you should do is call and bargain with them to pay them off. If you owe $1,000, tell them you can pay $500. It's better j... Read More »

Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?

Answer Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.