We have been waiting to close on this house for 2 weeks know. And every time we get close the underwriters keep on throwing more things at us. It keeps on pushing back the closing. I don't know what to do.
2007-11-05 08:12:58 · 10 answers · asked by ueeee28 1 in Business & Finance ➔ Renting & Real Estate
The damages we have sustained are, we have been out of the house we were living in since the 19 all because we had I closing date (19) and then they wanted more stuff. They stuff they ask for we have already sent to them twice...
2007-11-05 10:55:34 · update #1
Sue them for what? They have done nothing wrong and you have suffered no damages.
2007-11-05 09:10:46 · answer #1 · answered by Landlord 7 · 2⤊ 0⤋
RE:
Can I sue my Mortgage company?
We have been waiting to close on this house for 2 weeks know. And every time we get close the underwriters keep on throwing more things at us. It keeps on pushing back the closing. I don't know what to do.
2015-08-04 14:19:08 · answer #2 · answered by Kami 1 · 1⤊ 0⤋
You have no grounds to sue them. They could simply deny your loan for any of the items they are requesting and you still have no grounds to sue. Try talking to your Loan Officer and see what the real issue is. Most likely there is something that they are fighting to get through and the different things they are asking for are other ways around that issue. It probably nas nothing to do with competence as a LO, just issues with guidelines and documentation. Your LO does not get paid UNLESS the loan closes so they have every interest in getting it closed as quickly as possible.
2007-11-05 09:17:20 · answer #3 · answered by flamingojohn 4 · 2⤊ 0⤋
For what? What damages have you sustained? What are the UW's asking for? You typically have to supply the following documentation in every loan (except no income loans):
- current pay stubs (dated w/i 30 days)
- current bank statement (w/i 30 days)
- 2 years of W2's or tax returns
- current 401K, IRA, etc. statement
- purchase agreement
- appraisal
- title/abstract work
There may be questions about your credit as well. It is hard to determine what is causing the delay but 2 weeks is hardly enough time to worry about. Some closings take 60 days.
2007-11-05 09:32:57 · answer #4 · answered by thinking-guru 4 · 0⤊ 0⤋
sue mortgage company
2016-01-25 02:30:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sue the mortgage co. Not only would they not give you a loan, but soon you would find no other company would either, They do talk to one another. Loans a hard to get into days market. Just wait relax, and the process will be done , maybe not in your time frame, but it will get done, that is part of the game.
2007-11-05 08:23:29 · answer #6 · answered by cfb193 5 · 1⤊ 2⤋
Don't sue. Just get insistent or find another mortgage company.
2007-11-05 08:20:45 · answer #7 · answered by ? 7 · 2⤊ 1⤋
Everyone these days is crying the same thing, SUE, SUE, SUE. This has got to be the stupidest reason yet. Go find yourself a lender that will approve you since your current one thinks you are a bad risk.
2007-11-05 08:21:53 · answer #8 · answered by Wylie Dun 4 · 1⤊ 0⤋
It sounds like you haven't been approved yet. You can't sue the Mortgage Company, because they haven't approved you yet. If you, or your Real Estate Agent are setting closing dates before lending approval, this is yours and the Real Estate Agents fault, not the lender's.
2007-11-09 00:36:47 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Just wait. In this market and with foreclosures on the rise you can't blame the lender for being picky. He does not know you so don't take it personal. If all your ducks are in a rown then you have no worries. Right?
2007-11-05 08:22:19 · answer #10 · answered by Anonymous · 2⤊ 1⤋