went through prequal with seller's lender, sent all financial docs and personal information to him at least 2 times and sent him my paystub about 3 times...the deal went on for about 5 months. the very last month of when the sellers had told me is the move in date, is when I get a phone call asking me if I had turned in all my paperwork I said yes but I will talk to lender. Called my lender and did not hear back for about 2 weeks. meanwhile I was also called in to pick out flooring and wall color, etc. Contacted lender and seller via email and another phone call, 2 weeks before the estimated move in date and he tells me that I am not qualified for the home. He had calculated wrong and entered the wrong income when calculating! Shocked! Almost half the year's efforts gone! I had even put down a deposit that sat in the escrow office idle for MONTHS! I want to wring his neck. What should I do?
2006-12-25
17:56:01
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5 answers
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asked by
Ladeeda
2
in
Law & Ethics