The customer is purchasing a residence, which will secure the loan. The customer is also using their previous residence to secure the loan. It is owned free and clear, so there is no mortgage on the property.
GFE instructions for property address states "location of the property for which financing is sought"
So under Property Address on the GFE do we list both properties? I think we should, especially since the customer will incur costs related to both properties.
Is this right?
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