Monday, 23 March 2015

Does RESPA or any other regulation require that a home seller be given a HUD-1 settlement statement prior to the closing by the settlement a...

Question

Does RESPA or any other regulation require that a home seller be given a HUD-1 settlement statement prior to the closing by the settlement agent or the seller's attorney?



Answer

It depends. Generally, the buyer and seller are to receive the settlement statement one day prior to closing. In practice, this is not always the case. From the way your question is worded, it may be that the closing agent delivered a copy to your attorney, but it would not be the duty of the closing agent to further ensure that your attorney got it to you. If you have questions, your first step should be to speak with your attorney about the transaction.



No comments:

Post a Comment