Legal Question in Real Estate Law in Florida

A HUD-1 Settlement Statement is required for all real estate transactions, whether financed or not?


Asked on 11/29/11, 2:06 pm

1 Answer from Attorneys
Richard Kaplan

No. It is only required when a federal loan is involved.

If it is a cash deal, or seller/private financing, you can use any Settlement Statement you want. It is only that it is so common and accepted that it is often used in most cases.

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Answered on 11/29/11, 3:08 pm


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