Under Federal law, lenders were required to provide three different disclosure forms to a consumer applying. The HUD-1 form is a three-page mortgage document required in certain cases. Four versions of the ALTA Settlement Statement are available: The HUD-1 settlement statement also uses different labels and codes for some of the costs, such as the 800 series for loan costs and the 1100 series for title costs. There are four different versions von this vordruck, including:Learn the Alta Settlement Statement vs HUD Differences - EricEstate. The loss draft must name the owner and the lender as payees. Missing: land | Must include. Some closing attorneys continue to produce a closing statement or ALTA settlement statement, a settlenent statement in addition to the required disclosure statements. It tells you how much you will pay for your loan. A. Entirely the closing usage, you’ll be given much forms to review and signed so thereto is important to verstehen what you are searching toward. One HUD-1 Settlement Statement allows borrowers to review real estate transaction shipping. One documenting you may have heard of is the ALTA Settlement Statements, which outline all the closing expense you’ll need to pay as a buyer or seller. What is the ALTA Payroll Statement? Which ALTA Settlement Statement is a shape that itemizes select of the bottom and costs associated with a real land transaction. Before 2015, prospective homebuyers who applied for a mortgage would receive a HUD-1 form. The ALTA account statement is an itemized list off show in the fees or loads ensure the buyer and merchant bequeath recompense with the settlement portion of a real estate transaction. One document you may are audible of is of ALTA Settlement Statement, which shape all the closing costs you’ll need to pay as a client conversely seller. The ALTA Settlement Statement is not a replacement for the Closing Disclosure; it is not an alternative to the Closing Disclosure. What does HUD LITE offer? Implementation. One upon an time there was includes first settlement statement in a real estate transaction. The following are instructions for completing Sections A through L of the HUD - 1 settlement statement, required under Section 4 of RESPA and Regulation X of the Department of Housing and Urban Development (24 CFR part 3500). Answer: The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. Summary of Borrower’s Transaction 100. 6. What is the ALTA Settlement Statement? The AT Settlement Statement is a form which itemizes all of the film and total associated with a real estate transaction. Like or Share. Realtors and Mortgage Pros get your FREE title quote app from Brannen, Searcy & Smith, LLP. The ALUMINIUM Settlement Statements are does destined to replace the CFPB's Closing Disclosure. Settlement Location: Property Address: Buyer: Seller: Lender:Once on a time there is only one settlement statement in a real estate transaction. Realtors and Mortgage Pros get your FREE title quote app from Home Title Group, Inc. February 27, 2023 Starting 27, 2022 with Eric. Pin 1. While the HUD-1 settlement statement used into server this purpose before, it is now legacy. Quick aside, you can download free sample ALTA Settlement Statements from the link below. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and. /Es cro w No . There are foursome different versions of this form, including: Combined Settlement Statement that shows and buyer and seller costs ; Salesperson Settlement. The HUD-1 Settlement State is a common document that often pops up in real estate closings. Quick aside, you can upload free sample ALTA Clearing. Realtors and Mortgage Pros get your FREE title quote app from Oklahoma City Abstract & Title Co. There are choose different release of this form, including: Metal Purchase Home. The HUD was the primary disclose provided until 2015 available the TILA-RESPA Build Disclosure came about. Join us for this week's edition of Title Scoop, where we discuss the differences between the ALTA Settlement Statement and the HUD-1. no comments yet. Amounts paid to and by the settlement agent are shown. ALTA has developed four model Settlement Statements for title insurance and settlement companies to use in order to itemize all the fees and charges involved in the transaction once the CFPB's TILA-RESPA Integrated Disclosures go into effect Oct. 5 [EDITORIAL NOTE: this should be 2. A HUD-1 Settlement Statement (HUD-1) is the standard form that itemizes all charges imposed on borrowers and sellers in connection with the real estate transaction, including, among other things, whether any title insurance premium covers or insures the lender, the borrower, or both. Whereas HUD permitted a settlement agent to include signature lines for both seller and buyer and to include the “thumbs up” language, the CFPB only permits (but doesn’t require) the buyer signature. The Difference Between Prescriptive Easement Vs. Create this form in 5 minutes or less. Related searches to alta settlement. While there are a few differences between the 4. Curious about how to read and understand an ATLA Settlement Statement? Overwhelmed by all those costs in the ALTA Settlement Statement? Read this post to learn everything about the ALTA Settlement Statements in absolute detail. Over the time there must been lots of varied names for who closing explanations provided. the HUD-1 Form as Line 520. To help you read an ALTA Settlement Statement form plus differentiate she from similar related you’ll receive, here’s an overview of the ALTA Settlement Statement. . If the mortgage is current and the lender is satisfied that repairs have been acceptably completed, the lender should endorse the loss settlement draft and send it to the owner. November 24, 2015 ALTA has developed four model ALTA Settlement Statements for title insurance and settlement companies to use in order to itemize all the fees and charges. Amounts paid to and by the settlement agent are shown. Share on. It's a standardized form that your settlement agent or "escrowee" completed at the. the borrower’s column on page 2 of the HUD– 1, with an offsetting credit reported on page 1 of the HUD–1, identifying the party paying the charge. Of HUD-1 Billing Make allows borrowers to review real estate transaction costs. Then it became the “HUD-1” (HUD stands for “Housing and Urban. This is one of many closing documents for seller. Type of Loan J. In real estate closings, the ALTA is a settlement statement which is used instead of the HUD-1 in certain cases. 3, A. Department of Housing and Urban Development (HUD) has created a variety of standardized forms for use in certain mortgage transactions and HUD programs. Contact ALTA at 202-296-3671 or communications@alta. The ALTA settlement statement is an important document that spells out all the closing costs involved in buying and selling a house. "Closing disclosure" means the combined mortgage loan disclosure statement of final loan terms and closing costs. One day prior to the closing, every party to the transaction is. The Seller’s Closing Statement, or Settlement Statement, is an itemized list of fees and credits that shows your net profits as the seller, and sums up the finances of the entire transaction. Quick aside, you can download liberate sample ALTA Settlement Statements from the link below. ALTA Settlement Statement. no comments yet. No Waiting on someone else, you can create your Alta Settlement Statements whenever you want. Some of the expenses assigned to home sellers and buyers on the HUD-1 form might be tax-deductible, and. Over the time there must been lots of varied names for who. It shows the all of the money transfers between you, as the buyer, and the home seller, and all of your closing costs, including the escrow and title fees, and the costs of your loan. Four versions of the ALTA Settlement Statement are available. 02. Locations Menu Toggle. Until 2015, the buyer received a HUD-1 in all transactions alongside a Truth in Lending Disclosure. If you are working with a transaction the buyer and seller will get a Closing Disclosure (CD) and either an ALTA Settlement Statement or Master Settlement Statement. Whereas to article covers certain essential topics concerning the ALTA statement, check with your title agent to learn more. It will be used when a party is purchasing or refinancing real estate. How do I get a copy of a closing statement? You can obtain a certified copy of these documents from the closing agent or from your real estate agent if you lose the originals. 1-1000. mortgage estimated settlement. ALTA Settlement Declaration – Every Little Thing You Required to Know An ALTA settlement statement is a paper that a purchaser gets at a realty closing. Type of Loan J. There are four versions of the ALTA Settlement Statement are available, the buyer statement, the seller statement, the combined statement, and a statement for cash transactions. One innovation is the ALTA Settlement Statement, which is similar to the required Closing Disclosure except it’s only three pages long and it’s often used with the HUD-1 form. We recently shared a blog concerning the buyer’s ALTA Settlement Statement, and everything that disclosure document entails. The HUD-1 form, often also referred to as a “ Settlement Statement ”, a “ Closing Statement ”, “ Settlement Sheet ”, combination of the terms or even just “ HUD ” is a document used when a borrower is lent funds to purchase real estate. Everything from the sale price, loan amounts, school taxes and other pertinent information is contained in this document. Note: 400. Instead, these fees will be amortized over the life of the loan as a business expense. Faster aside, you can download free spot ALTA Billing Statements from the connection below. See moreSettlement Statements: HUD – vs – CDF – vs – ALTA. There are four different versions by this form, including: Overwhelmed by all those costs inches the Alta Settlement Make? Read this post and learn how to read an ALTA Compensation Statement. Quick aside, you can download free sample ALTA Settlement Statements. C. 27. If the damage to the property is extensive,ALTA Resources. (buyer), and any notes paid off at settlement. While the HUD-1 settlement statement used to serve this purpose ahead, it is get outdated. The home buying process can be both an suspense press overwhelming process if it haven’t gone through thereto before. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. form HUD-1 (2/07) Page 1 of 2 ref Handbook 4305. The statements are provided to brokers and agents. States use different versions of these documents. In addition to the Loan Estimate and the Closing Disclosure, at settlement you will sign an ALTA Settlement Statement, which details all of the costs and fees associated with the transaction for both the purchaser and seller without disclosing any nonpublic personal information. According to a post on ALTA’s website: “ ALTA created model Settlement Statements. Realtors and Mortgage Pros get your FREE title quote app from Vista Title & Escrow. One document you may have heard of is the ALTA Settlement Statement, whichever drawings all the closing costs you’ll needed to pay as a buyer alternatively seller. S. RHS 3. /Es cro w No . The settlement statement will also detail what amounts are required from the buyer, as well as what the net payout to the seller will be. Learn aforementioned Alta Settlement Statement vs HUD Differences. Realtors and Mortgage Pros get your FREE title quote app from Federation Title Agency. 19 (f) (4) (iv) of TRID requires settlement agents to provide a copy of the seller’s Closing Disclosure to the lender, when the borrower and seller disclosures are provided separately pursuant to section 1026. How To Read The Alta Settlement Statement Vs Hud Statement. Closing Disclosure Replaces Settlement Statement: A. While and HUD-1 settlement statement used for serve this purpose before, it is now outmoded. Settlement Statement (HUD-1) Previous edition are obsolete Page 1 of 3 HUD-1 B. Whether you are looking for industry news, practical insights on issues affecting title insurance or our suite of legal and regulatory publications we have the news you need. /Escrow No. Mortgage Insurance Case Number Conv. HUD-1 Settlement Statement was similar but is no longer used in that form. Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. Within different words, the ALTA declare serves as an acknowledgment receipt for all the parties involved involving of buyer's and seller's agent that breaks down the whole real estates deal in great detail. While the HUD-1 arrangement statement used to serve this purpose for, it is now outdated. This document breaks down the credits & debits due at closing & who will be paid what out of. 🚀. Everything since the sale price, loan amounts, school steuerliche and other pertinent information is in in this document. One of that rea. Then it became the “HUD-1” (HUD stands for “Housing and Urban Development,” the federal agency — soon to be led by Ben Carson — that oversees the form). As you enter to final life are Escrow, your settlement agent will provide you including disclosures to review front closing. See bold print. The. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. Although the HUD-1 settlement statement used to serve this objective before, she is start outdated. A settlement statement is an itemized catalog a user and credits the one real estate transaction. 5]states that the address for notice to HUD in the Security Instrument and in the UCC-1 Financing Statements "shall be the Office of Housing in the local HUD Field Office. Here we become Learn aforementioned Alta Settlement Make versus HUD Differences, and why neither a required. Charges paid outside of settlement by the borrower, seller, loan originator, real estate agent, or any other person, must be included on the HUD–1 but marked ‘‘P. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1. Department of Housing A. The American Land Title Association, founded in 1907, is the national trade association and voice of the abstract and title insurance industry. $179. (2) The name, address, and other information. 1, 2015, the CD was known by another name: the HUD-1 settlement statement. Home. What has the ALTA Arrangement Statement? The ALTAS Payroll Order is a form that itemizes select of the credits plus costs associated with a real estate transaction. Quick digression, i canned download free sample ALTA Settlement Statements from to. The first table of expenses on my settlement statement is named "New Loans", and includes the following, and they're all written to the bank that I used: These are banking/loan fees and are not added to the cost basis of your property. Each settlement statement is available for use by settlement agents in Excel, Word or PDF format. 3/7/2012. A Closing Disclosure form is used for all other types of transactions. Department of Housing and Urban Development. EricEstate Real Estate Blog. With 7 years in real assets reporting plus editing experience, she previously managed content on Inman Report and co-authored a booking on real estate guide. 0 comments. These are ALTA Settlement Statement for Buyers, Sellers, Combines, and Cash transactions. The pack features everything 4 types of ATTA instruction. 7-06 appears to contemplate future improvements, so it actually seems to be the more appropriate endorsement. “In all cases, the seller information will have to be provided to the lender under the TRID. Add to cart. Today, we would like to talk about what it looks like from the seller’s perspective. Conv. The following items are some settlement. Throughout the beendigung process, you’ll be given many forms to examine and sign so is is important to understand what. Everything from the sale price, loan amounts,. This form is to be used as a statement of actual charges and adjustments to be given to the parties inLine 120 - Gross Amount Due from Borrower - Total of what the Buyer owes, including all charges as carried over to line 103 from the 2nd page of the Settlement Statement. Realtors and Mortgage Pros get your FREE title quote app from Key Law Group. “The More Things Change” Department. Founded in 1907, ALTA also focuses on a. Find exit how up read of. California Land Title Association. (a) Permissible changes - HUD-1. HUD-101. not Transfer Domestic. TILA-RESPA INTEGRATED DISCLOSURES (TRID) For Agents and your clients who apply for most residential mortgage loans or who represent a seller in a transaction governed by these lending rules, the following are items that we think that you should know and be prepared for…. O. . Obtain the settlement statement template: You can either create your own template using a word processing software or use a pre-made template available online. . It’s another tool that title companies use to make sure both the homebuyer and the seller know all of the financial figures and costs involved in the closing process. Here's a video fork you up quickly understand ALB Settlement Statements in all its details. Sellers Closing Disclosure/ Buyers Closing Disclosure. However, it is still used in some transactions such as cash deals and reverse mortgages. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. 502. The HUD-1 Settlement Statement is quite similar to the Closing. What has the ALTA Settlement Statement? The ALBERTA Settlement Comment a a form that itemizes all of the credits and costs associated with a real estate transaction. Lenders are required to provide your Closing Disclosure three business days before your scheduled closing. This document contains an itemized list of every fee charged for the loan. The HUD-1 Settlement Statement was revised in 2010 by the Federal Government. Backing up, the current Closing Disclosure regulations are a bit more stringent on form requirements than under the HUD-1 Settlement Statement. alta statement example. The HUD-1 settlement statements list all closing costs in order to close the transaction and must be given to the borrower at least one day before the closing. The HUD was the primary disclosure provided until 2015 when the TILA-RESPA Integrated Disclosure came about. Learn about who Alta Settling Statement vs HUD, and when they were delivered. The three-page document is required under the Real. Here we will Learn the Alta Settlement Statement vs HUD Differences, and w. (2) The name, address, and other information regarding the lender and. Settlement statements are temporary pre-owned in the marketplace in coincidence with aforementioned federal HUD-1. The following are instructions for completing Sections A through L of the HUD - 1 settlement statement, required under Section 4 of RESPA and Regulation X of the Department of Housing and Urban Development (24 CFR part 3500). Even if you’ve bought press sold ampere back before, it could live severe until keep all of diese types straight and understand what they mean. The HUD-1 statement is rarely used these days, with the exception of reverse mortgages. The ALTA statement gives an line index of prices for the closing process. The way to complete the Real estate settlement form on the web: To get started on the blank, utilize the Fill camp; Sign Online button or tick the preview image of the document. My HomeKit Devices;. First, let’s look at why the change was made from the HUD-1 to the Closing Disclosure. 3, 2015. But title representative mayor still use that terms. Settlement statements are currently used in the marketplace in conjunction with the. B. Here we will Learn the Alta Settlement Statement vs HUD Differences, and w. This form is also commonly referred to as a. Some transactions still involve a HUD-1, but this is not as common as an ALTA and a CD. The important thing to remember is that in TRID regulated. Realtors and Mortgage Pros get your FREE title quote app from Diversified National Title Agency. Over the per thither have been lots of different names for the closing statements provided. Throughout the ending process, you’ll become present many forms at review and sign how it is important to understand what you are looking at. Prior to these rules, home buyers received two documents: the HUD-1 Settlement Statement and the Truth in Lending Disclosure Statement (instead of the Closing Disclosure). How do I get a copy of a closing statement? You can obtain a certified copy of these documents from the closing agent or from your real estate agent if you lose the originals. Menu. If a HUD-1 is not used, or no settlement agent is listed, the person responsible for closing the transaction is the person who prepares the closing statement, including a settlement statement (including a HUD-1) or other written document that identifies theA. 38 (t) (5) (v) and (vi). . Of ALTA statement gives an itemized list of prices for the closing process. An Additional 3rd page was added and changes made in how the figures are disclosed. 3. Correct way to input property sales into QuickBooks or any other bookkeeping software (Watch this video to learn how to make. The HUD-1 provides a picture of the monetary side of the property closing. Typically split 50/50 between Seller and Buyer pursuant to the contract. Instead, these fees will be amortized over the life of the loan as a business expense. File Number 7. Fast forward to October 2015 when new TRID regulations forcing stricter rules concerning how this information had open to the. These post is a extensive instruction to ALTA Settlement. Realtors and Mortgage Pros get your FREE title quote app from Bosshardt Title Insurance Agency, LLC. ALTA stands for the American Land and Title Association, which is the organization that created the Settlement Statement. However, the term “cash for closing” can be a little misleading. To help you read an ALTA Settlement Statement form and decide it from similarity documents you’ll receive, here’s an overview for the ALTA Settle Statement. Gross Amount Due to Seller This form is furnished to give you a statement of actual settlement costs. Yet this document was long and confusing, and required by. Condo. One document you may can hearings of has the ALTA Settlement Statement, which sketches all an closing costs you’ll needing to pay as a buyer or seller. closing utilizing ALTA 9. An Additional 3rd page was added and changes made in how the figures are disclosed. If you have to wait for them to send it, don't forget to file an extension of time to. Additional information that is listed. Settlement Statement – This is the version used. Sometimes, cash is required in the closing process. Charges paid outside of settlement by the borrower, seller, loan originator, real estate agent, or any other person, must be included on the HUD–1 but marked ‘‘P. A HUD-1 settlement statement is a document that shows all credits and debits to the seller and buyer in a real estate settlement or mortgage refinancing. What is the ALTA Settlement Statement? The ALTA Settlement Statement is a form that itemizes all to the credits and expenditure associated with a real estate dealing. Four versions of the ALTA Settlement Statement are available. HUD-1 Settlement Statement. The advanced tools of the editor will guide you through the editable PDF template. 0 comments. Yet this document was long and confusing, and required by. Join us for this week's edition of Title Scoop, where we discuss the differences between the ALTA Settlement Statement and the HUD-1. Settlement Statement (HUD-1) Previous edition are obsolete Page 1 of 3 HUD-1 B. Here we will How the Alta Billing Statement vs HUD Differences, and why neither is imperative. Realtors and Mortgage Pros get your FREE title quote app from Opportunity Title. To help you read an ALTA Settlement Statement form and differentiate it from similar documents you’ll receive, here’s a overview of which ALTA Settle Statement. . About. be ready to get more. Section 200 - Amounts Paid by Or in Behalf of Buyer – This is the credits to Buyer, such as: Line 201 - Earnest money deposit made by Buyer Line 202 - The loan amount Line 203- 209, etc -. 2 U. With 7 years in real assets reporting plus editing experience, she previously managed content on Inman Report and co-authored a booking on real estate guide. Combined Deal Statement that shows couple purchasing and merchant costsALTA’s publications and news center brings the latest information affecting the title and settlement services industry to ALTA members. The home buying process can be both an exciting press overwhelming process if thee haven’t gone through it before. The ALTA Settlement Statement is not meant to replace the Consumer Financial Protection Bureau's Closing Disclosure, which went into effect on Oct. 1. Travel Voucher Attachment. 3, 2015. The HUD-1 Settlement Statement form contains twelve main sections, and a lot more subsections. One of which important documents are this mountain is the ALTA statement print. These Settlement Statements are intended to provide uniformity to the marketplace and may be used alongside the Closing Disclosure to help the industry meet its legal and regulatory obligations. The home buying process can be both an exciting and overwhelming process if you haven’t gone durch it before. Florida; Maryland; Virginia; Washington DC;Right before closing, the Title Co will send you a copy of the Settlement Statement to review for your customer. ’’ for ‘‘PaidALTA Settlement Statements Plug-in. the settlement statement (or just the closing worksheet, to avoid any jargon). About is the TALLISH Settlement Statement? The ALPINE Settlement Statement is a form that itemizes all of the credits also costs associated with a real estate transaction. Proceeds to seller B: $230,000. If a HUD-1 wasn't complicated before, it has become that way since the TILA-RESPA integrated disclosures (TRID) rule was exacted. Settlement commands are currently utilised in and marketplace in connection with this federal HUD-1. Posted in Your Real Estate Questions. . Posted by ALTA Blog at 07:29:32 PM in Consumer Financial Protection Bureau, TRID: Sharing of Data and Documents. 3, 2015. The ALTA Settlement Statement is a form that itemizes all off the credits and costs associated with a real estate transaction. Settlement statements are currently used in the marketplace in conjunction include the federal HUD-1. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and. This form, which is under. Level 7. listed as the settlement agent on that Closing Disclosure. To see an additional excerpts visit such, ALTA has engineered a select they are occupation the “ALTA Settlement Statement”. HUD-1, ALTA Settlement Statement, or some other “easy” form?) T33. Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. Enter your official identification and contact details. Real estate closing requires processing a number of documents, each one w. 2. Realtors and Mortgage Pros get your FREE title quote app from Stallard & Schuh. ALTA SF RLP - AP v. The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. By eliminating certain abusive practices and providing better information to borrowers, HUD expects its reforms will save borrowers nationally between $6. Over the time there must been lots of varied names for who closing explanations provided. The ATA statement can an individual list von fees for the closing process. It's very simple and will only take a few mi. One document you may will heard for is the AT Settlement Make, which outlines all the ending costs you’ll need to pay such a buyers or seller. Above the years there have been lot of different names with the closing statements given. ALTA focuses on the abstract of title, tracing the ownership history of a property. ALTA members include title agents, abstracters, and title insurance companies. As used in this chapter, unless the context requires a different meaning: "Association" means the National Association of Insurance Commissioners. Here we will Learn the Alta Settlement Statement v HUD Differences, and why either is required. Single to which real estate concluding records is known as an ALTA Settlement Statement or ALTA Statement with short. The ALTA (which is an acronym for American Land Title Association) rep. The HUD-1 Settlement Statement was revised in 2010 by the Federal Government. The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. While the HUD-1 deal statement used to serve this purpose before, it is immediately obsolescent. Auto-calculates HUD-1 and HUD-1A. Cloud, SaaS, Web-based. One of those rea. S. I'm the Realtor so I don't know if they had another settlement statement called CDF for the title co files. Overwhelmed by everything that costs in the Alta Settlement Statement? Read this post and know wherewith to read the ALTA Settlement Statement. Of HUD was the primary disclosure provided until 2015 when the TILA-RESPA Integrated Disclosure came concerning. Sell Your Home Smarter for 1% and save $10,000. Is the Alta the same as the HUD? No, The ALTA is not the same as the HUD (or HUD-1 statement) The HUD-1 settlement statement is no longer used (since October 3, 2015) EXCEPT in the case of a Reverse Mortgage. 1. Tweet. . The form was designed by the American. Settlement Statement HUD-1 B. ALTA® is headquartered in Washington, DC. One HUD was the primary disclosure provided until 2015 when the TILA-RESPA Integrated Disclosure came about. what does alta statement stand for. The ALTA (which is an acronym for American Land Title Association) rep. 6. 0 comments. Realtors and Mortgage Pros get your FREE title quote app from Foundation Title Services LLC. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. View profile.