Easy Calculations of Transfer and Property Taxes – HUD 1 Software

How much fun is it to calculate and pro rate property and transfer taxes for a real estate closing?

Some might say:  ‘about as much fun as going to the lawyer.’

Here at Easysoft Legal Software, we’re perfectly happy to spend our days programming legal software. We like to make HUD-1 software which includes calcualting property taxes so lawyers and their staff can easily provide top quality professional services to their clients at each closing. So, why not give yourself and your paralegal a break by letting us pro rate your taxes and calculate your property transfer taxes… the Easy way?

With Easysoft Legal Software’s Real Estate Closing Software, you gain access to a comprehensive tax proration module that includes City, County, School, Condominium, and Sewer taxes. You simply enter the annual amounts of the taxes in their respective fields, enter the date of closing, and let our Easy HUD Software prorate the seller’s over/underpayments. Our legal software then automatically inserts the prorated taxes into the appropriate lines of closing documents, such as the HUD 1 form for taxes. No more counting days and crunching fractions. With this built-in tax calculator, you don’t even have to know how to calculate for the closing date so you can accurately read a HUD statement for taxes.

Easysoft Real Estate Software also contains programming for the automatic calculation of property transfer taxes. For nearly every state, Easysoft Real Estate Software already contains current formulas for computations of property transfer taxes. As soon as you enter the sales price of the property, the Easysoft Real Estate Software tax calculator gives you the appropriate property transfer taxes. Your HUD statement for taxes has never been easier.

Easysoft Legal Software’s HUD Settlement Statement software is being used right now in forty states by thousands of real estate attorneys and their staff. Among those closing attorneys is William Bronchick, CEO of Mile High Title & Escrow, LLC, who wrote: “(It) took 10 mins to install and a day to learn, and I taught my staff in just a few hours.”

Creating a Closing Disclosure (CD) has also never been easier. Your Closing Disclosure is more than just a formality — it's your key to ensuring a TRID-compliant closing.

TRID, or the TILA-RESPA Integrated Disclosure Rule, went into effect in October of 2015. This rule introduced new requirements for mortgage lenders and settlement agents, with the goal of creating more transparency and clarity during the homebuying process. One of the key components of TRID is the closing disclosure — a document that provides details about the mortgage loan your client has selected.

Our legal software’s closing disclosure keeps your real estate closings fully TRID Compliant during your closing process. We stay current with all TILA–RESPA Integrated Disclosure (TRID) reporting requirements and automate them for you. Our Closing Disclosure form prompts you to enter figures into the correct form fields — it’s intuitive to the point where you don’t even have to think about it.

Still doubtful it can be this easy? Why not take our legal software for a test drive? Every one of our software products can be downloaded in demonstration format. You’ll have a chance to see the screens, fill in the fields, push buttons, and print out forms. Of course, we also back our law office software by a 30-day money back guarantee.

When it comes to a real estate closing, it’s no fun, if it’s not Easy. Book a demo today and see for yourself how we make HUD and CD tax calculations Easy for real estate law firms.

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