Taxes/Insurance on the HUD 1A POC?

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Question:

On real estate construction loans, do I have to show taxes and insurance amounts on the HUD 1A POC?

Answer:

Insurance should be listed on line 903. Taxes are not shown unless they are delinquent or they need to be paid before the first loan payment. If this is true, taxes can be shown in the 100s of the HUD-1 or Section M of the HUD-1A.

First published on BankersOnline.com 11/29/10