For every federally related mortgage transaction, a HUD-1 Form must be filed. The HUD-1 Form lists a complete accounting of the purchase transactions. Below you will find a complete explanation of the HUD-1 Form along with a downloadable version of the form. Click this link to download the HUD 1 Form. 

http://170.97.67.13/offices/adm/hudclips/forms/files/1.pdf 

Calculating the Amount Borrower Needs at Settlement  

The first page of the HUD-1 Settlement Statement summarizes all the costs and adjustments for the borrower and seller. Section J is the summary of the borrower’s transaction and Section K is the summary of the seller’s side of the transaction. You may receive a copy of the seller’s side, but it is not required.

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Here is a very nice article about "Figuring Net Profit from Selling Your Home" from  Elizabeth Weintraub. Following is the entire article.

Every diligent real estate agent I know prepares a net sheet for the seller when signing a listing agreement or presenting a comparative market analysis. Because the second question on sellers' minds — right after real estate commission negotiation — is how much the seller will net. Home sellers expect a reasonable response to: What is the seller's net profit?

To figure a seller's net profit, you need to have access to the expenses of sale. As a Realtor, I compute two net sheets for sellers. The first net sheet is based on receiving full list price.

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Your home for sale is under contract and you are looking forwards to closing your escrow as the agreed date in the purchase and sale agreement. You are excited about that. However, after a long waiting, there are only 2 to 3 days away from the closing, there is some bad news. You get a call from your agent, or your buyer (if you are doing for sale by owner), telling you that the deal is not going to be closed and the agreement is falling apart.

It is very bad news for you because you have pulled off your home for sale from the market for several weeks and could have lost the opportunity to sell to other homebuyers. Worse of all, you  may not only have to refund the earnest money to the homebuyer, but also have to put the home back on market for sale again. You just wonder why this happens and what you should do to prevent it from happening at the beginning.

The top 3 reasons why most home sales fall apart , or the top 3 deal-stoppers are: Read more

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