Asked by cantwaitforclosing, Richmond, VA • Wed Oct 31, 2012
The lender (BBT) just announced to me they haven't been able to obtain my parents (coborrowers) 2011 tax transcripts. And the underwriter will not sign off until that condition is closed. The taxes haven't been processed yet and therefore the transcripts DON'T EXIST yet. The CPA lied about when the filed- said they did it the last week of September and didn't actually file until the extension deadline of October 15th! But that doesn't help me. I contacted my tax advocate who sent me a copy of the filing and said that is proof we submitted them and that they are being processed, but that they cannot get my transcripts until they are actually processed.
I will miss my closing date if they force this issue. Is this ACTUALLY an FHA requirement or are they just saying that? If it's not an FHA requirement can I contact and go with a different lender? My parents are WAY over qualified for this loan and we have provided every last piece of documentation that the bank has asked for. HELP THX
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