Asked by Marco Mallard, Evergreen Park, IL • Fri Dec 28, 2012
I have a client who got a loan with a broker at Inland Bank. This loan was supposed to close in mid November, I figured late November as a stretch, but it's now almost January and we haven't closed and haven't gotten ANY clear understanding as to why it's taking so long, other than, 'They're backed up; everyone's loan is taking a long time.' I just don't believe it. I'm convinced that the mortgage officer either, 1) over promised and couldn't deliver and is struggling to get it done, 2) we're being marginalized/red-lined based on it's south side zip code, 3) someone is sabotaging the deal for whatever reason.
I just don't get it. This woman's reason for moving was to get more house for her new child, this lady has gone into LABOR and delivered already, while we're still waiting on this loan to close. Has any one else had these problems? Any insight or input what-so-ever?
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