Seller Side 400 Series on the HUD-1 Settlement Statement

The seller side 400 series items sit opposite the buyer side 100 series items. In many cases, amounts on one side will also be reflected on the other as balancing DEBITS and CREDITS. This is true as you'll see the contract sales price the same on both sides. This is a DEBIT to the Buyer and a CREDIT to the Seller.

Note that the same off-setting entries will usually apply to any items paid in advance by the Seller. These would then be DEBITS to the Buyer and CREDITS to the Seller.

Note that Line 420 will not equal line 120 however. That's because the Buyer's settlement charges are in the 100 series on the left. Line 420 is the total of the amounts in the section, and this total will be entered into line 601.