Disclosure of Property Value instead of Sales Price

Answered by:

Question:

When do we disclose Property Value instead of Sales Price?

Answer:

The Loan Estimate must include:

For transactions that involve a seller, the contract sale price of the property identified in paragraph (a)(6) of this section, labeled “Sale Price.”
For transactions that do not involve a seller, the estimated value of the property identified in paragraph (a)(6), labeled “Prop. Value.”
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