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#1839820 - 08/06/13 04:44 PM Is Redisclosure Required?
RaesPlace Offline
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Joined: Mar 2011
Posts: 230
Husband and wife apply to purchase a new home. Loan is approved and was clear to close. They came in and stated they have decided to get a divorce and would like to remove wife from application as husband will now be purchasing this home as his primary residence. Husband qualifies for the loan in his name only. Do we need to redisclose and wait another 7 days before we can close? I don't think we would have a waiting period even if redisclosure was required since we are treating this as the same application.

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RESPA
#1839837 - 08/06/13 05:14 PM Re: Is Redisclosure Required? RaesPlace
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
No, document the file and move on.
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My opinion only. Not legal advice.

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