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32
Posts
8
Votes
Johnny Mack
  • Philadelphia, PA
8
Votes |
32
Posts

Possible Lay-off Right Bofore Closing

Johnny Mack
  • Philadelphia, PA
Posted

I’m currently looking at closing on a house hack in the next couple of weeks in PA. I’m an aircraft mechanic for a major airline and if there is no bailout I will be laid off. Good news is my old job called me and asked me to come back if I am laid off, I would be an aircraft mechanic there as well. My apartment lease is up on the first week of October and I’m wondering if I should tell the lender. If I am laid off, and if the seller will still finance the deal, or even if the seller wants to continue, it would be well beyond the end of my lease. Should I tell the lender before October 1st? What would they do if I don’t tell them and my current employer tells them that I’m on the list for layoffs when they verify my employment again right before closing? What is the process after I start at the old job? Thanks for any help.

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