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hud

hud the U.S. Department of Housing and Urban Development; established in 1965, HUD works to create a decent home and suitable living environment for all Americans; it does this by addressing housing needs, improving and developing American communities, and enforcing fair housing laws. Source: U.S. Department of Housing and Urban Development ...


HUD-1 settlement statement

HUD-1 settlement statement [Department of Housing and Urban Development (which publishes the form) + 1 (indicating its place in a sequence of such forms)] : a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property ...


familial status

familial status HUD uses this term to describe a single person, a pregnant woman or a household with children under 18 living with parents or legal custodians who might experience housing discrimination. Source: U.S. Department of Housing and Urban Development ...


partial claim

partial claim a loss mitigation option offered by the FHA that allows a borrower, with help from a lender, to get an interest-free loan from HUD to bring their mortgage payments up to date. Source: U.S. Department of Housing and Urban Development ...


settlement statement

settlement statement a document required by the Real Estate Settlement Procedures Act (RESPA). It is an itemized statement of services and charges relating to the closing of a property transfer. The buyer has the right to examine the settlement statement 1 day before the closing. This is called the HUD 1 Settlement Statement. Source: U.S. Department of Housing and Urban Development ...


Hud

A huck or hull as of a nut...


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