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Is anyone here an underwriter?
- Thread starter biteme
- Start date
I'm buying a house, I was supposed to close last week, but the underwriters have been dragging their feet and now they're giving me shit about something that I need to find out if it's going to be a problem. My crooked apartments have already overcharged me, now that they know I'm moving out.
They saw that I had a 33,000$ deposit on my bank account statement that I submitted to them 2 weeks ago. Why they are just now wanting to know what it's for, I don't know. The money was deposited and withdrawn 2 weeks later. I signed an avidavit last year saying that I allow a friend to use my name to open overseas gambling accounts, which is legal. The checks come to me and I endorse them to him or put them in my bank and he withdraws them thru net teller. There is nothing illegal about this, but I don't know how they are going to factor it.
velvett said:
Credid rating, income/debt ratio. I was pre qualified, They've already done the appraisal which cost me $400. I had the inspection done also. I don't understand what's taking so long. They saw the 33,000 deposit 2 weeks ago, and now they wait and want to know everything about it. Nosy I tell you.
My friend's dad is a mortgage underwriter. I can pass the question on to him if you're still interested.
anya said:
Please do, I'm sweating bullets. I was told that everything was fine and at that last minute they pull this crap and I still don't have an answer. They want a copy of the check. I called my bank and it may take a few days. What is the problem? Gambling overseas is not illegal and I'm not even gambling. I allow him to open accounts in my name, it's none of their damn business why and they shouldn't be able to ask as long as it's legal and doesn't affect my financial status.
Ok, I've got a preliminary answer. How's that for service?
The lender wants to know that the downpayment is your money, as opposed to a gift or a loan from somewhere else you took out to cover the downpayment. Lenders usually ask to see that you've had the money for the down in your account(s) for six months or more.
Any help?
The lender wants to know that the downpayment is your money, as opposed to a gift or a loan from somewhere else you took out to cover the downpayment. Lenders usually ask to see that you've had the money for the down in your account(s) for six months or more.
Any help?
anya said:Ok, I've got a preliminary answer. How's that for service?
The lender wants to know that the downpayment is your money, as opposed to a gift or a loan from somewhere else you took out to cover the downpayment. Lenders usually ask to see that you've had the money for the down in your account(s) for six months or more.
Any help?
Yes. Thank you very, very much. If that's all, then I'm in the clear. I was worried that they would believe that I'm into gambling or something shady and not approve me because of it. I wish they would hurry up.
biteme said:
Hey it was no problem. I'm just the go-between girl.
Hopefully that's all it was and you'll be good to go soon.
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