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Our closing last week used the new HUD-1 Settlement Statement. It has an extra third page that contains essentially two things: a comparison of the actual closing costs with those of the Good Faith Estimate, and a reiteration of the loan terms in more or less plain English. I didn't think twice about the second part, but realized after reading this article that this form, in essence, disclosed the terms of my mortgage to the seller. Apparently this was private information prior to the introduction of the new form at the beginning of 2010. So my question is: Who exactly has access to my HUD-1? Just the people involved in the transaction (me, the seller, the people servicing my loan, and others who helped with the settlement)? Or is it available to anyone who asks for it? |
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Looks like I don't have a whole lot to worry about. Asked the same question over here and pulled this out:
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Oh, and if things go bad, don't forget about the almighty power of the subpoena. I've had quite a few of those pass my desk. Maybe. If we were talking about my job. Which we're not. |
