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Forgot to List Private Party Expense: Re-Disclose?

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Question: 
Our bank is financing the purchase of a home. Buyers are currently renters and are now purchasing from the estate. Buyers do not have the required 20% down payment so they are entering into a second mortgage loan with the Sellers/Estate. The initial disclosures did not mention the $30.00 mortgage recording fee for the mortgage the Buyers and Sellers will have between them. Do we have to re-disclose because we did not list the private party loan expenses?
Answer: 

The recording of the second lien is the responsibility of the lenders from the sellers/estate and should not appear anywhere on the bank's HUD-1.

First published on 06/16/2014

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