Addendum Hud 1 Form PDF Details

In navigating the complexities of real estate transactions, understanding the intricate details of various forms and legal documents is indispensable for both new and seasoned participants. One such document, the Addendum to HUD-1 Settlement Statement, plays a pivotal role in the closing process of a real estate transaction. This form serves as a critical addendum that complements the HUD-1 Settlement Statement, which itemizes all receipts and disbursements conducted by the borrower and seller in the transaction. The addendum is essentially an acknowledgment by the involved parties—borrowers, sellers, and the settlement agent—that they have reviewed the HUD-1 Settlement Statement and verify its accuracy to the best of their knowledge. Furthermore, it underscores the importance of honest and accurate reporting by including a stern warning about the legal ramifications, including potential fines and imprisonment, for knowingly making false statements to the United States government. This document not only facilitates transparency and accountability but also ensures that all parties have a clear understanding and agreement on the financial details of the transaction, thus minimizing disputes and fostering trust.

QuestionAnswer
Form Name Addendum Hud 1 Form
Form Length 1 pages
Fillable? No
Fillable fields 0
Avg. time to fill out 15 sec
Other names addendum hud 1, addendum hud 1 blank, oklahoma state va addendum, va addendum

Form Preview Example

ADDENDUM TO HUD-1 SETTLEMENT STATEMENT

Closing Date:

Borrower:

Lender:

Loan No.:

Premises:

I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement.

________________________________________

________________________________________

Borrower

Date

Seller

Date

________________________________________

________________________________________

Borrower

Date

Seller

Date

________________________________________

________________________________________

Borrower

Date

Seller

Date

To the best of my knowledge, the HUD-1 Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been or will be disbursed by the undersigned as part of the settlement of this transaction.

___________________________________

Settlement Agent

Date

WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form.

Penalties upon conviction can include a fine and imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010.

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addendum hud 1 writing process detailed (part 1)

2. Just after filling in the last part, head on to the next part and enter all required particulars in these fields - Closing Date Borrower Lender Loan, Date Seller, Date, and Date Seller.

Part number 2 in filling in addendum hud 1

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