I think I'm turning blue in the face from holding my breath. Remember, the mortgage company we are dealing with is not NVR. We had to switch, at NVR's recommendation, since they knew they would not be able to settle us until February so that I could get my first paycheck. So, the new underwriter said they would take just an offer letter. I got a step better with a formal acceptance letter. The underwriter says they still need a written VOE (verification of employment). They fax it to my company and they fill it most of the way out. Underwriter says it isn't good enough. My company says that the VOE with the acceptance letter is all they will provide until I start on Monday. Underwriter again says not good enough. We get verbal verification. Again, not good enough. My company won't budge, underwriter won't budge, we are now at a Mexican standoff.
NVR had said that if the outside mortgage company doesn't get us settled today that they would take back the loan and we wouldn't go to settlement till January 31st. Well, I guess they made another exception because they are letting the outside mortgage company try for settlement next week - shooting for Wednesday. So, we are hoping that my company will provide a full and complete VOE on Tuesday and we can settle on Wednesday.
So do I cross my fingers and hold my breath? I guess we will see.
I can't believe they are doing this to you. Hoping that you don't have to wait any longer than Wednesday. You have waited long enough to start enjoying your new home!
ReplyDeleteGina :( This is terrible! Do you have an agent on your side? If they push this back until the 31st I would consider talking to an agent just to gain some advice. You have done everything that they have asked its like they are searching for excuses to keep this loan up in the air. I hope everything works out for you and your next post is about your loan clearance and your wednesday morning closing!!! Keep your chin up!
ReplyDeleteThanks. Settlement is tentative for 4pm. I can't go any earlier since this is my first week and I'm in orientation all week.
ReplyDeleteI am glad NVR didn't get stubborn and just take it back. Enjoy your house Weds. night!
ReplyDeleteIt sounds like it will happen Wednesday. Then you can laugh about it. Good luck Gina.
ReplyDeleteGood luck!!
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