Answer:
Disclose the sales price or current estimated value (lot only) of the security property.
-----------------
Learn more about Jerod’s webinar Loan Estimate: Completion and Revision Estimate .
Construction loan: which value to use
Question:
On a construction loan where the lot is owned free and clear, what value do you use on the LE and CD? The lot value or the full estimated value as if complete?
print
share