Home Buying in Bakersfield>Question Details

Magic, Home Buyer in Bakersfield, CA

I just lost my job 1 week before we close escrow. What are my options?

Asked by Magic, Bakersfield, CA Wed Mar 25, 2009

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Walter 'Skip' Kersten’s answer
Hi Jose,
I am sorry to hear about your job situation. There is a good chance that your loan WILL NOT fund. One of the last things a lender will do before funding the loan is to re-verify employment. Your options at that point will be determined by how your purchase agreement was written.
Best fo luck,
0 votes Thank Flag Link Wed Mar 25, 2009
Tough One, You should get in contact with your Mortgage Broker ASAP and let them know the situation. At our company we Verify employement 24 hours before funding, so it's going to be tough to slip past. Have you already removed loan contigencies?
0 votes Thank Flag Link Wed Mar 25, 2009
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