As in what will I need for taxes, etc.? My realtor really sucked and left closing early. Thanks!
2007-01-11 17:17:57 · 8 answers · asked by Jace 4 in Business & Finance ➔ Renting & Real Estate
You should have received an original HUD 1. That shows the fees you paid for your tax person and that the mortgage company was paid off. Call your closing attorney at once and insist on a HUD.
Michael
2007-01-11 17:34:14 · answer #1 · answered by Bestbank Real Estate 3 · 0⤊ 0⤋
What do you expect from the title company? What do you want them to give you? They have completed their jobs once they have insured that the new title to the buyer is clean and with only the mortgage and liens that should be on it.
No what you should have gotten was a seller's HUD-1 showing how much you got after the sale and how much you spent in this transaction. You should have gotten that from the escrow closing agent. If the title company was the closing agent then they would have provided you with this item.
There are some states that attorneys are the closing agents so you might get one from them.
The HUD-1 is what your tax preparer will need to do your taxes.
Now if you did anything like paint, carpet, advertising in the local paper, made flyer's or what ever you personally paid out to prepare your home for sale you should have this itemized or receipts for so they will be available for your tax guy.
Don't forget that last refinance you got on your house you can now take all the deductions for any points interest and fees that you have not completed deducted on previous years taxes. So make sure you give your tax preparer a copy of your last refinance papers. The HUD-1 you got from that refinance transaction will do.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-01-12 02:00:48 · answer #2 · answered by Skip 6 · 0⤊ 0⤋
You need to ask for a copy of the HUD-1 statement. It has a complete breakdown of the money you received and of your expenses, which should be all you need for tax purposes.
Added: You are getting many answers, but several people are naming things the BUYER should receive, not what you need as the SELLER.
2007-01-12 01:29:22 · answer #3 · answered by CiCi Elder 2 · 0⤊ 0⤋
1/ Copy of the Settlement statement.
2/ Copy of recorded title deed.
3/ Copy of recorded mortgage note.
2007-01-12 10:06:15 · answer #4 · answered by boston857 5 · 0⤊ 0⤋
You need the final closing documents for tax purposes and to take you out of the financial loop.
2007-01-12 02:12:06 · answer #5 · answered by bigspif2003 2 · 0⤊ 0⤋
Go to your Title company and get copies of everything, including where first payment should be mailed if you don't receive your coupon book in time.
2007-01-12 11:22:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
call your agents broker and tell him you want the agent to get you all the closing paperwork. Each state has its own laws regarding closings... so your not going to get a straight answer here.
2007-01-12 02:06:43 · answer #7 · answered by Michael A 2 · 0⤊ 0⤋
http://www.hud.gov/offices/hsg/sfh/res/respamor.cfm#CF
Call HUD.
http://1stmdloans.com
2007-01-12 02:01:57 · answer #8 · answered by ron d 3 · 0⤊ 0⤋