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We have a consumer home loan that our customer is now acquiring the property thru an old contract for deed which was written up in 2006 for the original amount of $30,000. They now owe still approximately $25,000. I understand with TRID the purpose would be a purchase loan. Would you show the sales price as $30,000 and show a deposit of what they already paid down ($5,000) OR would you say the sales price is the current payoff $25,000?
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