Escrow & Title
At a NH closing, the HUD-1 Settlement Statement (or Closing Disclosure) is used to:
ARecord the deed at the Registry of Deeds
BItemize all charges and credits to the buyer and seller in the transaction✓ Correct
CCertify the property's appraised value
DEstablish the title insurance policy limits
Explanation
The Closing Disclosure (formerly HUD-1) itemizes all financial aspects of the transaction: purchase price, loan amounts, lender fees, prepaid items, escrow deposits, commissions, taxes, and prorations. RESPA/TRID requires the lender to provide the Closing Disclosure at least 3 business days before closing.
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