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#2252049 - 04/08/21 06:08 PM Funds for Borr shows a Negative Amt on Purchase
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,188
California
We are doing a 2-year "purchase"land loan on Laser Pro. Loan Amount is $512,000. "Funds for Borrower" and "Estimated Cash to Close" are both showing a negative of $500,748. I know that Funds for Borrower should be shown as $0 for a purchase transaction. But we're not seeing how to fix this. Any Laser Pro users that might know what we're doing wrong? (It's been a couple of years since the last time we had a non-mortgage transaction which we do on a different program.) Thank you!

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TRID - TILA/RESPA Integrated Disclosures Rule
#2252052 - 04/08/21 06:32 PM Re: Funds for Borr shows a Negative Amt on Purchase Tarhe
Oursisnottoreasonwhy Offline
Gold Star
Oursisnottoreasonwhy
Joined: Nov 2004
Posts: 473
Central Illinois
On the screen right after property taxes under letter K you need to enter the sales price of the property. Summaries of Transaction - Borrower/Calculating Cash to Close Screen

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#2252053 - 04/08/21 06:34 PM Re: Funds for Borr shows a Negative Amt on Purchase Tarhe
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,188
California
Awesome! Thank you!!

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