Reporting Contract Sales Price

Click stars to vote (left is low, right is high)

(5 votes, average: 4.2 out of 5)

 Loading ...

[?]
 Print This

By Suzanne Foley, Compliance Coordinator                               

MRIS, Sept. 8, 2008—An error that has significant impact on our data is the incorrect recordation of the contract sales price. The “sold” price should be recorded as the contract sales price indicated on the HUD 1 and the sales contract.

Any seller subsidy or contributions from the seller to the borrowers settlement charges should not be included in the contract sales price.

As always, please feel free to contact the Compliance Department at Compliance@mris.net or call 301-838-7140 with any questions or concerns. 

Discussion Forum

Topic	Posts	Last Poster
Loan Modification Software - SX3 Software	3	aiopqw25
www.DenverForeclosureTour.com Saturday December 13, 9-1pm	1	RobKellycolorado
Business Center for Sale | Property Dealer India | Plots in Gurgaon	1	cpindia
Real Estate Development in Gurgaon | Gurgaon Real Estate | Gurgaon Apartments	1	cpindia
AgentsBuddy Website	1	Ryan
Loan Modification Software	6	loanmodsystems
Loan Modification Software CasiMod	4	loanmodsystems
SX3 Loan Modification Software Still #1!	1	SX3Software
Introduction	1	doug1
CMS programs	1	investinaustin

Mission Critical: Support for Government-Supported Mortgage Entities, Exec Says

Op-ed by Joel Singer
RISMEDIA, Dec. 5, 2008-As homeowners and home buyers struggle through today’s tumultuous housing market, government support for the mortgage market is needed, now more than ever, to take the lead in stabilizing the turbulence of this market.
This is particularly true given the apparent demise of the Government-Sponsored Enterprises (GSEs), Fannie Mae and […]