Posted on: 23rd Apr, 2009 06:06 pm
i was preapproved for a home loan with wells fargo in mid feb of 2009. got a agent, found a home, signed all papers and two closing dates have come and gone. all i get from my lender is we are working on it. i am thiinking of walking away from the whole thing. i am already out 1500.00 for escrow and appraisals and inspections. what are my real options.
Hi lsa,
I think you should ask the lender what is causing this delay and if there is any problem in processing the loan. You can always opt out of the whole thing and try and seek a new loan with a different lender. But since you have already paid $1500 for escrow etc, I think you should wait a lilttle more.
I think you should ask the lender what is causing this delay and if there is any problem in processing the loan. You can always opt out of the whole thing and try and seek a new loan with a different lender. But since you have already paid $1500 for escrow etc, I think you should wait a lilttle more.
hey as you mentioned that you have already paid the escrow amount and still the two dates have passed then i recommend you to opt out only on one condition that you should get back the 1500.
If they are still reluctant you can tell them that you have full right to complaint against them.I think only reminding is enough as so many guys tries to keep their prestige, try this trick.
Keep in touch for the latest information. :wink:
If they are still reluctant you can tell them that you have full right to complaint against them.I think only reminding is enough as so many guys tries to keep their prestige, try this trick.
Keep in touch for the latest information. :wink: