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Hud 1 Settlement Statement explanation Form: What You Should Know
Under the HUD-1 settlement statement, a loan is reported in one of three categories: 1. Defaulted Loans. The number of delinquent loans on the property that are still delinquent for more than 360 days (30 months). 2. Not Paid, But Not Yet Deferring — No delinquencies reported. 3. Paid, But Not Yet Denied — No delinquencies reported. If you have no delinquent loans on the property, it is shown in item #5 of the settlement statement. If you have a delinquent loan, it is reported as an amount outstanding for more than 90 days and less than 100 days. Under the HUD-1 settlement statement, if the payment was for the entire remaining length of the loan, they are shown. If the payment was 50%, you'll see two amounts with a “Pay the remaining amount” label. See the HUD-1 Balance for a more complete explanation of balances by payment group. HUD/TILL Fact Sheet on the HUD-1 Settlement Statement Aug 24, 2023 | U.S. Department of Housing & The HUD/TILL Fact Sheet has additional information and FAQ's on the HUD-1 settlement statement. HUD-GFE, Good Faith Estimate Form The HUD-GFE was used to negotiate loans for the most vulnerable members of our community.
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Video instructions and help with filling out and completing Hud 1 Settlement Statement explanation
Instructions and Help about Hud 1 Settlement Statement explanation
My name is Seth David and I started Seth david.com because I wanted a new place to show you how to do the things you need to learn how to do to make your life easier so that you can run your business more efficiently and more effectively and I became famous because I uploaded a lot of videos to YouTube on how to do various things in QuickBooks and a lot of other things and eventually we started getting into specific industry stuff and real estate has been a big one for me so today's video and blog posts is on how to use QuickBooks Online to record a HUD one final settlement statement now if you are here over at Seth David comm by the way you can go down here to where it says industry and you can get a plethora of content that's for fun and for free all for real estate brokers and agents and how to do the accounting and QuickBooks Online for you good folks this is going to deal more specifically with how to enter the HUD one so the first thing you'll want to do is on set Dave comm just click over here to useful links and resources and if you want to play around you can click here on the quickbooks online test drive otherwise you can click quickbooks online login that'll take you right to where you log in to your quickbooks company file now i was very impressed with a client of mine recently who had done some one-on-one with me he had seen some of the real estate videos i had put out on the web and he reached out to me and hired me for some one-on-one training which we did and after i showed...