Hello,
No new story here. Tried several attempts to inform lender of job lay off and need to do something, but until we were behind several months nobody wanted to talk. This is East Coast (Connecticut), but recently got another job back in Calilfornia (not as good paying) but a job. So we moved.
Our East Coast Realtor has been trying to work with our lender but the lender has been stalling. Now that there is a potential offer on our home, NOW the lender wants pages of financial documents filled out detailing every part of our lives, returned for their consideration BEFORE they will even talk about a short-sale. Our Realtor has experienced this many times over and says we will probably lose the offer and may have to go through several more before we get any type of approval.
Just wondering what lenders do with the people who walk from their homes and they can't find them! How can anything proceed without that mountain of paperwork filled out? Are those homes left to rot because the owners left? The questions being asked on these forms are more than anything I have ever experienced before. We paid PMI on our loan, and were told it was a government loan so the lender would not take the hit in the event anything happened. Sorry, the frustration is really getting to us all.
We really loved that home and planned on living there for a long time. Our kids were happy, life was good. To say we were really surprised when the employer dropped the bomb of layoff is an understatement.
Is this the norm? I guess I feel like having to divulge our financial situation and medical issues to someone who didn't care when it mattered, and still doesn't care now, but needs the paperwork anyway is beyond frustrating.
Thanks for all the help here, this forum is great.