Closed on a Loan and now they are harassing me!

I recently closed on a loan for property I bought in Atlanta. I turned over all the documents that they requested – tax transcripts, etc. The loan closed on New Years Eve. In March, the loan officer called me and told me they could not sell my loan because of the balance I owe on my taxes. and that I should make arrangements to pay off my taxes (payment plan) or they would have to redo my loan and with interest rates rising that wouldnt be in my favor. Im not sure how much leg they have to stand on. My loan in closed. I have all the paperwork, keys and I Have made 4 payments. I did not lie. I disclosed my tax liability in the tax transcripts – the IRS has not filed a lien, we are making payments (just not a formalized payment plan). I am not sure if my loan officer f’d up and is trying to intimidate or if there truly is case where a loan can be “unclosed”. Any and all advice, recommendations, referrals would be welcome.

shouldacouldawoulda

in General Discussion 4 years and 4 months ago

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Augustiner | 4 years and 4 months ago

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Forget the talk, let them come at you. If you fulfilled your part of the contract you‘re safe. It’s not your problem if they can’t sell the debt.
But I don’t know what kind of contract you made. Georgia is a non-judicial foreclosure state which gives you a bit less protection than NY