The HUD-1 Settlement Statement is a form that details the financial part of your transaction. It is important that you review this document carefully at the closing to be sure that you are being paid the correct amount. As the seller, you will see your sale price with adjustments for property taxes, water/sewer charges, fuel, association fees, etc. There will also be amounts deducted for any mortgages, delinquent taxes or liens you may have on the property that must be paid off. Our attorney fees will be itemized as a deduction from your proceeds. Be sure to keep this form after the closing for income tax purposes.