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#1421739 - 07/29/10 07:42 PM Out of 10% tolerance - how to fix?
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
We have the following differences on our final HUD:

government recording GFE 78.00 vs. HUD 105.00
appraisal fee GFE 350.00 vs. HUD 400.00

So we are off $87 at 17.17%

What do we do to fix it?

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RESPA
#1421755 - 07/29/10 08:00 PM Re: Out of 10% tolerance - how to fix? Many Hats
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,421
You apply the 7.17% as a cure on page 1 of the HUD. There's instructions in the FAQ showing how to do it.

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#1421785 - 07/29/10 08:22 PM Re: Out of 10% tolerance - how to fix? Truffle Royale
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
I noticed a couple corrections that needed to be made, so now I am at 10.384615384615385%

If you round, it is exactly 10%.

So we're good, right?

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#1421793 - 07/29/10 08:28 PM Re: Out of 10% tolerance - how to fix? Many Hats
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,421
What does the FAQ say about rounding? I don't remember so you'll have to check.

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#1421800 - 07/29/10 08:33 PM Re: Out of 10% tolerance - how to fix? Truffle Royale
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
me either! I think you'd have to do the .385%
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#1421872 - 07/29/10 09:44 PM Re: Out of 10% tolerance - how to fix? RR Joker
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
We just decided to pick up $20 of the appraisal fee.

The conversation with the lender went well. LOL!

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