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Home / Opinion Digests / Real Estate – Loan Payoff – HUD-1 Statement – Contract (access required)

Real Estate – Loan Payoff – HUD-1 Statement – Contract (access required)

A HUD-1 settlement statement's directive to use sale proceeds for real estate in Winchester to pay off a loan the seller had on real estate in Grand Junction, Colorado, was not enforceable as a contract, a Frederick County Circuit judge holds, and the plaintiff seller may introduce parol evidence to show that the HUD-1 statement ...

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