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HUD-1 Settlement Statement

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    #1

    HUD-1 Settlement Statement

    When it states "Our origination charge" on line 801, is that considered "points" and deductible? (Paid from buyer's fund).
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    #2
    Is it calculated as a percentage of the loan balance and customary charge in your neck of the woods? If so, then I think it's deductible points.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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      #3
      page 6-2 of the Tax Book

      Page 6-2 of the Tax Book shows a line-by-line explanation of how to handle everything on the HUD statement for the buyer and the seller.

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