All Forum Posts by: Jowan Chism

Quote from @Galen Ikonomov:

That is a typical situation with unexperienced loan officer. Heard that story hundreds of times.

What is the reason they want your Car loan paid off? Is it because your DTI ? Have you been at the same job for the past 2 years ( you and whoever else is on the loan ) ? Do you work hourly/salary, commission or commission mixed with a base salary? Give me a little more information on exactly the loan officer said?

Our combined DTI is close to the max. I started a new job about 5 months ago but I’m in the same field just a different company. I’m hourly and my wife is salary. But the loan officer is stating they don’t know why this happened he is saying he’s just as surprised as we are

Quote from @Raymond J. Rodrigues:

@Jowan Chism, it sounds like you may have variable income and that they had to balance out your income earned amongst past jobs/ earnings received in the past. Is this case? If so, major oversight on the lender for catching that last minute. 

Can anything be done in regards to this matter? We would like to speak to the lending manager before signing, but we don’t want them to pull the loan 

Quote from @Jorel Williams:

That should be a condition prior to signing the Closing Disclosure, which is before the last step of signing the Final Docs with the notary. What is this LO trying to pull?

That is what we are trying to figure out. Because we now feel backed into a corner and that we have no choice but to sign. 

We’re are in the final day of escrow our lender called us on Monday and said they sent over VOE’s to our jobs and needed us to make sure they were completed so that we could close on Wednesday (today). So we scrambled to get that done and sent back to them. Mind you we are supposed to close today!

They called us yesterday and told us we have to pay off my wife’s car as a stipulation of closing!!!! Literally the day before we are supposed to close! And we removed our contingencies so if we pull out the seller can take our earnest money.

Loan officer is claiming they don’t know what happened and has no explanation. But had informed us via phone that we could close last week because we were good to go. 

Can anything be done about this? 

Hello, 

Currently we are in escrow and have run into a situation in which the seller gave us a verbal  agreement to fixing a repair but has not followed through. We are down to the last two weeks of escrow and they will not allow us to get the repair inspected or provide information on a quote they say they’ve gotten! They would like us to agree to current offer and waive inspection contingency. Is there anyway we can get the seller to follow through?
 We have asked that they either fix it as agreed or provide sellers credit to cover. Seller has stated they won’t fix, won’t provide credit, and won’t allow any inspections. 

How do you negotiate or convince the seller to pay for repairs such as electrical panel or sinking roof once the home has been inspected? 

Hello, 

Currently in the process of purchasing a single family home that has an ADU that is not permitted. Does anyone know if its possible to permit the unit while going through escrow?