Home Buying in 06513>Question Details

David, Home Buyer in Troy, MI

My loan officer can not deliver loan at closing day, what do i lose if I switch to a new broker?

Asked by David, Troy, MI Fri May 1, 2009

Help the community by answering this question:

Answers

4
Switching Loan Officers will put off a closing even longer, especially if you're using another Lender. What exactly did the Loan Officer do for your loan NOT to close?
1 vote Thank Flag Link Sat May 2, 2009
Any money that has been vested - say an appraisal fee or what not. You may need more time to close too. A new lender will need a few weeks at least.
1 vote Thank Flag Link Sat May 2, 2009
I have paid some money before loan precessing started. Can I say because loan broker can not deliver loan at promising time, I should ask for money back from loan broker?
0 votes Thank Flag Link Sat May 2, 2009
The mortgage bank can not get my tax return from IRS even though bank has approved loan to me. Therefore, bank can not deliver loan at closing time. Bank is still waiting for IRS's response and there is no time frame at all. What should I do? If I walk away because this bank can not deliver loan at closing time, can I get a new broker to apply loan from another bank ?
0 votes Thank Flag Link Sat May 2, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer