Where are property taxes supposed to be disclosed on the GFE and HUD-1?
HUD has not provided written guidance on this topic. However, it has indicated orally that it does not expect for property taxes to be disclosed on the GFE. However, they should be disclosed on the HUD-1. Any property taxes that are escrowed will be included in the 1000 series. Otherwise, they should be disclosed in the 900 series.