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Real Estate
Reply to "Can you get a copy of your HUD 1 settlement statement if your title company has closed?"
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[quote=Anonymous][quote=Anonymous]My son give us the condo as gift; How can we have HUD-1 statement to confirm our ownership. He already payed off the condo and removed his name from the DEED and replaced by our names. Thanks[/quote] A HUD-1 is only used for a mortgage or home loan of some sort. If the condo is paid off, then your son should have been sent a lien release showing that the mortgage company no longer has a financial interest in the property. Your son should have contacted the local recorder of deeds office (with the lien release notice) to let them update the property records to show that the mortgage company no longer has any claim to the condo. Second, he should have updated his homeowner's insurance company for the same reason. To transfer to you, he can file a quit claim deed with the recorder of deeds office and it will transfer the deed ownership to you. It sounds like he did this. You just need to verify with the deed office that your names and only your names are on the recorded deed and that is your proof of ownership.[/quote]
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