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Are property taxes required to be disclosed as POC on the HUD?
In the past we had always disclosed property taxes paid outside of closing in the 800 series, but in an internal audit recently we were told to put property taxes that are POC on line 904. In researching I have found varied opinions. If property taxes are POC, are they even required to be disclosed? In order to put property taxes POC on HUD line 904 our loan origination software has to be tricked to do this (using tricked for lack of a better word) It seems to me if we are having to trick our loan origination software to do something maybe something’s wrong.
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