HUD-1 Form

The sound lungs make when they fall off the operating table and land on the floor.

The HUD-1 form was made by none other than HUD, the US Department of Housing and Urban Development. Don’t tell the form, but uh...it’s kind of getting phased out. Well, it's used less than it once was, anyway.

The HUD-1 form was a form used for all closing transactions when buying a house. It used to be law that the form be filled out in all real estate transactions involving a buyer and seller, listing all the fees coming in and going out for both parties. The HUD-1 was all about the “nothing to hide here, fellas” lifestyle.

Since 2015, there’s been a new form in town...a HUD-1 replacement, called the Closing Disclosure form. You’ll still get a HUD-1 form if you do a reverse mortgage.

Keep strong and carry on, HUD-1.