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#1410453 - 06/30/10 10:35 PM old HUD used with new GFE2010 on 2nd home purchase
wtlender Offline
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Joined: Sep 2007
Posts: 62
I have an abstract company trying to use an old HUD with my new GFE2010 on a 2nd home purchase. Is the new HUD required when a new GFE2010 is used on a 2nd home purchase?

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#1410470 - 07/01/10 12:15 AM Re: old HUD used with new GFE2010 on 2nd home purchase wtlender
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
A purchase of a second home is subject to RESPA - why do they think they can use an old HUD-1?
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#1410472 - 07/01/10 12:26 AM Re: old HUD used with new GFE2010 on 2nd home purchase rlcarey
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,400
Yes you can only use a new HUD if you've used the new GFE. Old GFE = old HUD. New GFE = new HUD.

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#1410643 - 07/01/10 03:46 PM Re: old HUD used with new GFE2010 on 2nd home purchase Truffle Royale
West Coast Comp Offline
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West Coast Comp
Joined: Jun 2010
Posts: 350
Lost in the rain.
Sounds like something is not right with the abstract company. They should know better, and you must make sure you use the new HUD. Remember your the one with your neck on the line.
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