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#1648450 - 01/10/12 03:27 PM Construction Loan 2 Phase Closing
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 209
Out West
In a 2 phase construction to perm loan with 2 GFEs issued, should the GFE #2 for the "permanent" loan include any duplicated costs - appraisal, flood, credit, etc.? If so, how should they be disclosed on the GFE and the HUD 1?

Thanks!
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RESPA
#1649072 - 01/10/12 11:00 PM Re: Construction Loan 2 Phase Closing Wonderofitall
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 209
Out West
Bump!
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#1649088 - 01/10/12 11:26 PM Re: Construction Loan 2 Phase Closing Wonderofitall
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No - they go on one or the other, depending on when you collected them.
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#1649179 - 01/11/12 02:06 PM Re: Construction Loan 2 Phase Closing Wonderofitall
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 209
Out West
Gracias!
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