Does Section 8 prevent us from accepting Christmas gift from providers such as appraisers and title companies?
Do you know when the new revised Uniform Real Estate Application 1003 will be issued?
On an ag/commercial loan, if there are two borrowers, do both need to sign an extension agreement or can just one of them sign and extend a loan?
We were told that the Supreme Court determined several years ago that Section 8 of RESPA is unenforceable?
A customer desires to purchase improved real estate. The acquisition price represents 91.7% of the purchase price and 78.2% of the "as is" appraised value. The borrower will pay for renovations out of pocket. Adding the cost of the renovations to the acquisition price would reduce the LTC ratio to 82.2%. Is it permissible to add the cost of renovations to the acquisition price to arrive at the cost of the property?