HUD-1 Settlement Statement -- This document itemizes the funds the buyer and the seller will pay (or will be paid) at closing. You will also receive the same information but in a different format on the title company’s own form.
Deed of Trust – This pledges the property to the lender in case you default on the loan.
Note -- Often called the promissory note, this represents your promise to pay according to the agreed upon terms of the loan.
Deed -- This document transfers ownership from the seller to you.

After your closing is complete, keep any paperwork you received in a safe place. Remember to keep a copy of every document you signed.

When you file your taxes, it may be useful to have a copy of the settlement form because it lists items that may be tax deductible. Also make sure you keep all homeowner's insurance and title insurance records in a secure place.


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