Asked by Chris, American Canyon, CA • Thu Oct 28, 2010
denied My husband has good credit over 700, my credit is in the 660's, and we have 20% down. We've been waiting since April on a short sale property that we really want because the schools and the community are much better than where we live now and we have 4 kids all in school. We've gone through everything and ended up getting approved for a Fannie Mae Loan and we were supposed to close escrow within the next week but the lender denied us because of a "default" of payment on our current home. The problem is we never defaulted on our current home, 2 yrs ago we went through a loan modification and our mortgage company put a "freeze" on our account during the modification process and this supposed "default" doesn't come up on our credit report. So I'm confused as to why this is happening to us. Can someone explain why this is happening? Thank you.
Popular Categories in American Canyon
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!