Here at Easysoft Legal Software, we like to make Closing Disclosure and HUD-1 software. Our HUD-1 software includes
HUD calculations so lawyers and their staff can easily provide top quality professional services to their
clients at each closing. So, give yourself and your paralegal a break by using our property tax proration
calculator, included in our HUD-1 software.
What are transfer taxes on HUD? Transfer taxes are imposed by state and local governments on the sale of real
property. The amount of the tax is typically based on a percentage of the sales price. HUD-1 forms are used to
calculate transfer taxes when a property is sold. Our software automatically creates a HUD statement for taxes.
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 real estate software prorate the
seller’s over/underpayments. Our legal software then automatically inserts the prorated taxes into the
appropriate lines of closing documents. No more counting days and crunching fractions with our automated HUD
calculations. With this built-in property tax proration calculator, you don’t even have to know how to
calculate for the closing date. Your HUD statement for taxes is done for you.
Easysoft Real Estate Software also contains programming for the automatic calculation of property transfer taxes in
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 have to think about it.
Still doubtful it can be this easy? Why not take our legal software for a test drive. You’ll have a chance to
see the screens, fill in the fields, push buttons, and print out forms when you sign up for our free 7 day trial
and get full access to the software.
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 CD
and HUD tax calculations Easy for real estate law firms.