TRID: Sales Price vs. Estimated Property Value vs. Appraised Property Value

Page one of the Closing Disclosure provides a lot of different information about a loan transaction.  When it comes to the Closing Information section (top, left-hand side) there is a field where you are required to enter either the “Sales Price”, the “Estimated Property Value” OR the “Appraised Property Value”.  So, which one do you disclose? 

The answer is, it depends of a variety of factors.

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Jerod explains more in the video

Published
2021/03/29

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