My name is Seth David, and I started SethDavid.com because I wanted a new place to show you how to do the things you need to learn, to make your life easier, so that you can run your business more efficiently and more effectively. 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. Eventually, we started getting into specific industry stuff, and real estate has been a big one for me. So today's video and blog post is on how to use QuickBooks Online to record a HUD one final settlement statement. Now, if you are here over at SethDavid.com, 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 in 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 SethDavid.com, 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 into your QuickBooks company file. 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. After I showed him how to enter his HUD one, he actually came up with this checklist that...
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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.
online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do HUD-1, steer clear of blunders along with furnish it in a timely manner:
How to complete any HUD-1 online:
- On the site with all the document, click on Begin immediately along with complete for the editor.
- Use your indications to submit established track record areas.
- Add your own info and speak to data.
- Make sure that you enter correct details and numbers throughout suitable areas.
- Very carefully confirm the content of the form as well as grammar along with punctuational.
- Navigate to Support area when you have questions or perhaps handle our assistance team.
- Place an electronic digital unique in your HUD-1 by using Sign Device.
- After the form is fully gone, media Completed.
- Deliver the particular prepared document by way of electronic mail or facsimile, art print it out or perhaps reduce the gadget.
PDF editor permits you to help make changes to your HUD-1 from the internet connected gadget, personalize it based on your requirements, indicator this in electronic format and also disperse differently.