Underwriter not accepting proof of payment

[Eric L.]

So in 2013 I was able to buy the house I was renting for 32k cash. Today, working on buying another property. Wanted to go FHA with this one, but might possibly need POA to sign at closing due to the possibility of being away traveling. Well, broker calls and says the underwriter wants proof I own the house from 2013. The proof of insurance doesn't state that there is or isn't a mortgage, because there isn't one. The insurance company has no proof of their being a mortgage to send to the lender. I sent a copy of the deed, and a copy of my bank records from 2013 showing the transaction. I also have great credit, with no marks on my credit history. The lender obviously has 6 months of my current bank records.

I'm at witts end on this. I called the attorney who did deed transfer to see if they could provide anything, still waiting for confirmation. The insurance company said they might be able to draft a document, but due to their involvement, that document would probably just state if there is a mortgage, we were not aware of it.

Also, was supposed to close tomorrow, but got pushed back due to construction not being finished so I now have 2 more weeks.

[Upen Patel]

@Eric L. This can happen when you own a property free and clear, and are looking to buy additional property. Ask your title/attorney to provide a title search report. They will charge you for this, but this will provide the underwriter the confirmation they need.