If you are in the process of buying or selling a home, or contemplate doing so in the near future, this is vital information to help you understand all of the “numbers” involved in your transaction. If you are not in the process at the present time, this may be about as exciting as watching paint dry! However, VR SAM® recommends you print this page and use it when reviewing your settlement statement. Remember, this is your money and the Realtor, Lender, Settlement Company and Attorney (if applicable) are all working for you! You are paying for, and deserve complete explanation of every charge…to the penny! For starters, the HUD 1 form (Housing and Urban Development Form) is the universal document used to settle almost all real estate transactions. This is where all the moving parts of your transaction come together. It contains all of the important financial information relating to your transaction….and it can be very confusing and frustrating! Your settlement company (som ...