Posted By: nulurch12
Disclosing taxes in escrow on a new home - 02/14/18 10:12 PM
We are currently starting to see more and more purchase deals. I have looked through the CFPB TRID manual and referenced reg x. 1024. The closing department is requesting that we use unimproved taxes to disclose the CD and the initial escrow disclosure but then using improved taxes on the 1st payment letter.
Seems to me that this could work since it is not clearly defined anywhere that it cannot be done but I am wrestling the fact that there is one document with a different payment amount on it.
Anyone deal with purchases regularly?
Seems to me that this could work since it is not clearly defined anywhere that it cannot be done but I am wrestling the fact that there is one document with a different payment amount on it.
Anyone deal with purchases regularly?