All Posts Tagged With: "adjustments"
How To Read The HUD-1
Starting January 1st, 2010, all real estate transactions will be settled using a new HUD-1. The HUD-1 is a standardized form which allows real estate buyers and sellers to clearly understand the costs of their transaction.
The original HUD-1 was developed as a by-product of the Real Estate Settlement and Procedures Act of 1974 — or, [...]
Adjustments At Closing
Question: We are selling our home and have prepaid our property taxes through June — two months from now. How do we get this money back?
Answer: A sale agreement should contain a clause that deals with “adjustments.” The prepaid property tax, for example, should be a credit to you at closing and [...]
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