Due to massive confusion with the current version of the HUD-1 Settlement Statement, the Consumer Financial Protection Bureau has proposed two versions of a revised HUD-1.

You can vote on which version you like at: http://www.consumerfinance.gov/knowbeforeyouowe/  (Click on Continue to Consumer Tool)

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Show Me The Money!

Disbursement instructions to closing agents come in all shapes and sizes, but they all have one thing in common. Each involves a specific direction to the closing agent to disburse the funds entrusted to the closing agent precisely as instructed. The most common form of disbursement instructions involve the settlement statement itself (which is executed…