Certified Copy of the final HUD-1 Settlement Statement v.s. Signed Copy of HUD-1, For 8K tax credit.?
Question by csewell44: Certified Copy of the final HUD-1 Settlement Statement v.s. Signed Copy of HUD-1, For 8K tax credit.?
I am trying to get my paperwork together to file for the 8K tax credit, however I only have a HUD-1 signed by myself and not the seller. The IRS came out saying they need a HUD-1 signed by ALL parties. I have contacted my title agency and they have told me “due to privacy laws we cannot provide you with a signed copy of the sellers HUD-1″ They told me that a “Certified Copy of the final HUD-1″ signed by them would be just fine. Are they correct, or does anyone know any more about this?? Thanks
Answer by mysticgraystar
Send COPIES of the HUD-1 that is signed by the title agency and you. Write a statement to the IRS indicating that your title agency WILL NOT give you a copy of the HUD-1 signed by the seller due to ‘privacy laws’.
The IRS will also need a copy of your Mortgage statement (or proof you paid cash for the property) and one of 4 documents proving you live at your new home (the proof they ASK FOR is 1. Driver’s license or ID with new address; 2. Copy of vehicle title showing new address; 3. Recent pay statement with new address; or, 4. Recent bank statement showing new address.)
If they do not approve of the copies you send, they will disallow the credit; you should IMMEDIATELY APPEAL that decision and you will be scheduled to see an agent. Bring the documents that you DO HAVE to the agent and he/she usually signs off on the credit.
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