Posted on: 21st Jun, 2013 05:11 am
Hey,
I need a lot of help and advice on this problem so please if anyone could help me it would be great... I was suppose to close on 6/12/2013.... Everything was fine on 6/11/2013 according to my broker till I received a call that evening stating that the processor ran my credit on 6/6/2013 to see if one dispute was off my credit and realized my credit dropped 85 points due to a delinquent charge and now I could not close and would have to restructure my loan to FHA.
I told my broker to give me two days to get my credit fixed because I know this is a mistake.. AT this time my treatment at the lenders/brokers office went downhill. No one wanted to talk to me and treated me like dirt although I still qualified for a FHA loan just higher interests rates.
Well two days go by and guess what I called and got the delinquent removed from my credit card plus on all my credit reports as well... (Trust me not easy)... So on 6/14/2013, I told my lender and broker to run my credit again and everything was fixed.. They wouldn't, they said that I was an ###@ if I actually thought I could fix my credit report in two days (have the voicemail to prove it).. Finally my lawyer called and they ran my credit and guess what it was back up minus the 8 points due to two hard inquiry caused by them...
Here is the interesting part, now my mortgage commitment is and still should be fine due to the expiration date not passing.... Well I confronted them on this and they said that they could honor my rate, which was locked in... They said my commitment in null and void, with no explanation...
6/17/2013- my broker called me and said that I got my rate back at 4% with 0 points...They fixed it... Well on 6/20/2013 the day before I closed I received a call from a account manager stating that my payments where 200.00 more and my interest rate was 5.1/8 not 4.0... When I asked y she said take it or leave it... This manager also knew that if I did not close today of 6/21/2013 I would lose my house due to a time of the essence clause...
HELP...
1. What happen to my LOCK?
2. Mortgage Commitment?
3. Four days late finding out about my Credit.
4. Overall process taking four months
5. Treatment of me personally
6. That email saying everything was fixed?
I need a lot of help and advice on this problem so please if anyone could help me it would be great... I was suppose to close on 6/12/2013.... Everything was fine on 6/11/2013 according to my broker till I received a call that evening stating that the processor ran my credit on 6/6/2013 to see if one dispute was off my credit and realized my credit dropped 85 points due to a delinquent charge and now I could not close and would have to restructure my loan to FHA.
I told my broker to give me two days to get my credit fixed because I know this is a mistake.. AT this time my treatment at the lenders/brokers office went downhill. No one wanted to talk to me and treated me like dirt although I still qualified for a FHA loan just higher interests rates.
Well two days go by and guess what I called and got the delinquent removed from my credit card plus on all my credit reports as well... (Trust me not easy)... So on 6/14/2013, I told my lender and broker to run my credit again and everything was fixed.. They wouldn't, they said that I was an ###@ if I actually thought I could fix my credit report in two days (have the voicemail to prove it).. Finally my lawyer called and they ran my credit and guess what it was back up minus the 8 points due to two hard inquiry caused by them...
Here is the interesting part, now my mortgage commitment is and still should be fine due to the expiration date not passing.... Well I confronted them on this and they said that they could honor my rate, which was locked in... They said my commitment in null and void, with no explanation...
6/17/2013- my broker called me and said that I got my rate back at 4% with 0 points...They fixed it... Well on 6/20/2013 the day before I closed I received a call from a account manager stating that my payments where 200.00 more and my interest rate was 5.1/8 not 4.0... When I asked y she said take it or leave it... This manager also knew that if I did not close today of 6/21/2013 I would lose my house due to a time of the essence clause...
HELP...
1. What happen to my LOCK?
2. Mortgage Commitment?
3. Four days late finding out about my Credit.
4. Overall process taking four months
5. Treatment of me personally
6. That email saying everything was fixed?
Hi knight,
If you have locked the interest rate for a certain period of time, then they will have to honor that. They cannot change the rate as per their own will whenever they feel like. I will suggest you to ask your attorney to get in touch with them and deal with the whole matter.
Thanks
If you have locked the interest rate for a certain period of time, then they will have to honor that. They cannot change the rate as per their own will whenever they feel like. I will suggest you to ask your attorney to get in touch with them and deal with the whole matter.
Thanks