Are changes able to be made to HUD-1 without borrowers knowledge after documents have been signed?

Asked almost 2 years ago - Wilmington, DE

At closing for a FHA refinance my HUD-1 settlement statement, line 303, showed $1,400 cash back to borrower. I got a check for $500. Called to inquire and was told that the HUD-1 was revised and a $900 principle curtailment was made to line 105. The principe amount of the new loan did not decrease by this amount however as I would have expected. In other words, I do not know where the $900 went.

Attorney answers (2)

  1. Laurence I Levinson

    Contributor Level 5

    1

    Best Answer
    chosen by asker

    Answered . no. The HUD 1 is given to and signed by the sellers and borrowers at the time of settlement. No changes may be made after that unless both parties agree and sign a revised HUD 1

  2. David Andrew Mallen

    Contributor Level 14

    Answered . Ask for a written explanation from HUD.

    David Mallen

    David A. Mallen offers answers on Avvo for general information only. This offer of free, general answers is not... more

Related Topics

HUD-1 statement

A HUD statement details all the money transfers (for buyer and seller) involved in the sale of a property, including mortgage, deposits, closing costs and more.

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