So long as you have the consent of the mortgage lender, if there is one, and all parties, you simply create a new version of the HUD-1. I like to put a bold easily found notation on the top of the first page that says something like:
REVISED August 16, 2011 to correct the blah blah.
You could also say that the earlier version of the HUD-1 is null and void. Have folks initial this statement on the first page to document consent and acknowledge they understand there is only ONE HUD-1 form.
The very important part about correcting a HUD-1 post closing is that you must make certain the correction matches with the actual flow of money. The HUD-1 form is an official record of the movement of the money and it must be accurate.
REVISED August 16, 2011 to correct the blah blah.
You could also say that the earlier version of the HUD-1 is null and void. Have folks initial this statement on the first page to document consent and acknowledge they understand there is only ONE HUD-1 form.
The very important part about correcting a HUD-1 post closing is that you must make certain the correction matches with the actual flow of money. The HUD-1 form is an official record of the movement of the money and it must be accurate.
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