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#1267916 - 10/16/09 02:55 PM Quick "normal" GFE question
waldensouth Offline
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waldensouth
Joined: Nov 2001
Posts: 7,985
FINALLY ABOVE the gnat line
Customer is getting home purchase loan - seller paying ALL fees. Our software does not provide a GFE. Is this correct? Should we just pretend that the seller is not paying all fees and produce one?
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#1267924 - 10/16/09 03:00 PM Re: Quick "normal" GFE question waldensouth
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
Originally Posted By: waldensouth
Customer is getting home purchase loan - seller paying ALL fees. Our software does not provide a GFE. Is this correct? Should we just pretend that the seller is not paying all fees and produce one?


I'm thinking you should provide a GFE showing zero closing costs. You still have to disclose the hazard insurance as POC. The seller won't be paying that annually.
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#1267932 - 10/16/09 03:03 PM Re: Quick "normal" GFE question swiggles
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,763
Central City, NE
I agree. You must still provide a GFE.
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