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#1685330 - 04/03/12 07:51 PM Property Taxes on GFE?
Many Hats Offline
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Posts: 915
Orlando, FL
If you are doing a loan to modify a open end loan to a closed end loan and requesting additional money to pay past due property taxes, the amount owed for the property taxes does go on the GFE anywhere, correct?

And, when the HUD is prepared, would this ultimately be a line item in the 1300 series?

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#1685340 - 04/03/12 08:03 PM Re: Property Taxes on GFE? Many Hats
RR Joker Offline
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Posts: 20,644
The Swamp
I think you left off "not" after does above - with that important word, then you are correct.

It should go on page one of the HUD 1.
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#1685353 - 04/03/12 08:15 PM Re: Property Taxes on GFE? Many Hats
Many Hats Offline
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Joined: May 2008
Posts: 915
Orlando, FL
Yes, I meant to say does NOT go on the GFE. smile

The bank used a HUD-1A in this case (because it was an existing loan with the same lender), so would it then go in the 1300 series?

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