Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I closed on a new condo in California yesterday. The title company Alliance Title gave me a summary of closing costs statement but no HUD-1 form. The closing agent said they don't issue a HUD-1 form and it is not required. They claim that all their clients prefer their closing costs staements because it is easier to read.

I had always received a HUD-1 form on my previous home purchases in other states and thought that it was mandatory. Should I demand a HUD-1 form from the settlement agent and are they required by law to provide it? Is it more useful for tax preparation to have a HUD-1 form or does it not matter?

Thanks in advance
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement