Litigation...my mortgage clause expired and now I am screwed!!
I did not get a mortgage in time as the whole mortgage bust happened, but I have been pulled along by my mortgage broker thinking it would happen…now 3 months later I am being told that my mortgage clause expired and I will lose my downpayment unless I get a mortgage. I had been thinking…
I did not get a mortgage in time as the whole mortgage bust happened, but I have been pulled along by my mortgage broker thinking it would happen…now 3 months later I am being told that my mortgage clause expired and I will lose my downpayment unless I get a mortgage. I had been thinking that I could pull out as I had not gotten a mortage…any advice?
Do your self a favor and call a bank directly.. Call this guy Brian cohen at 646 584 8009
The seller is probably NOT going to want to lose you, in this marketplace. So they’ll probably want you to get a mortgage.
Our mortgage broker, Wendy Williams at NY Mortgage Co (Tel: 212-634-9423) was able to help us with some creative number crunching. It takes FOREVER though.
There’s got to be someone out there who’ll give you a mortgage. What about LendingTree.com or something? Less than ideal, but you’re in a bind now….
Were you dealing with Wells Fargo?
talk to the sellers, you know what your situation is. if you truly cannot get a mortgage you are going to need a co-signer or a lot more money to bring to the table – otherwise there is a real good chance that you will lose your deposit.
at the very least your lawyer could possibly negoiate and get some part of your deposit back.
good luck. and try as many angles as you can.
Maybe you can get a co-signor?
My understanding is that, if you make a “good faith effort” to get a mortgage, you should be able to get your deposit back.
Of course, it depends on the terms.
wow.uncalled for.
don’t be a nasty pr!ck. my bad. @ssh0le.
don’t be a nasty prick. my bad. *sshole.