Financing in Garden Grove>Question Details

Liz, Home Owner in Albuquerque, NM

Trying to refi but lender asking for repair on nonexistant security latch.

Asked by Liz, Albuquerque, NM Mon Jul 9, 2012

We are trying to refinance our house we have been in for 6 years. The lender is saying we need to repair a security latch that does not exist. It is in a den and has never had a release/latch due to where the window is located in association with the front door. It was this way when we bought it. How do we get the lender to understand there is nothing for us to repair. I am not sure why the appraiser told them it needed repair when we told the appraiser there was no way to put one in.

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Ingrid Ski 949-874-0432’s answer
Hello Liz,

You may wnat to contact the lender you are using and tell him your situation and offer a picture for them and the appraiser. As you want clarification. Is this something that is code? Maybe not?
You need to ask them to get an answer.. Good luck

Ingrid Ski Realtor
0 votes Thank Flag Link Mon Jul 9, 2012
Your loan agent should be able to straighten it out for you, or you can find another loan agent who will work harder for you and offer you excellent rates and low fees as well.
0 votes Thank Flag Link Wed May 8, 2013
At this point it means that appraisal was done and underwriter is requesting that?? is this an FHA refinance?
if you want please give me a call or send me an email to understand your issue with the lender.
0 votes Thank Flag Link Mon Jul 9, 2012
Hello Liz,

A photo is worth a thousand words. When you bought the home it may have been called out in your physical inspection report and at that time it may not have been important or you decided it was not a big deal. To this appraiser it is and if this is all that is in your way of getting your re-fi then I would suggest you install a latch there and send the lender a photo saying, new latch installed.

Today's lending world is very strict and you should expect other requests that may not make sense to you at that time, grin and bear it. Also do not make any large purchases, withdrawals or deposits without a way to explain them.

Good luck with your re-finance,

Brian Wilson, Realtor
DRE# 01321478
0 votes Thank Flag Link Mon Jul 9, 2012
Take pictures and get in touch with the bank. It might be difficult, but that's about the only way to get them to see it your way.
0 votes Thank Flag Link Mon Jul 9, 2012
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