I live in a condo in Florida, I am almost ready for my closing, and I just got a call from my lender, that because my condo association has a “slip and fall” lawsuit, now the banks wont close the deal because it’s a liability. Is there a program, or some other way to get around this, that I can brig up to my lender?
I appreciate all the help you can give me – I need to close ASAP
2006-06-23 05:44:23 · 5 answers · asked by sara76c 4 in Business & Finance ➔ Credit
uhmm perhaps this may help you:
http://finance.ebookorama.com
here there's a faq:
http://credit-cards.ebookorama.com/
2006-07-02 17:43:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As a broker I have ran into this before. The lender simply wanted a letter from the insurance company showing the condo was covered for at least 3x the amount of the lawsuit. They will want a letter and a copy of the policy. If your lender will not accept that, you need to find another lender who will.
http://www.lendermark.com
2006-06-23 07:55:15 · answer #2 · answered by lendermark1 2 · 0⤊ 0⤋
flip the loan to another lender
2006-06-23 05:47:18 · answer #3 · answered by golferwhoworks 7 · 0⤊ 0⤋
i would be happy to give you a free analysis..
i have dealt with similar situations, actually not to hard to get around..
feel free to call me at 312-264-6448 my name is Jason or email me at jasonf@providential.com
2006-06-29 12:39:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Go to a mortgage broker they have more options.
2006-06-23 08:45:44 · answer #5 · answered by Gonzalo P 2 · 0⤊ 0⤋