Posted on: 02nd Apr, 2014 10:10 am
working w/ b of a says we are pre approved for home loan but my wife has charge off he says we must pay off before escrow will close. he says all 50 states has new law
How much is the charge off - if less than $2000 our bank will not make you pay off - if over then we have to have it paid off - if it is medical we do not even consider it - sorry not enough info to know if they were lying or just not being clear - not all banks make you pay charge offs but the higher the amount the more risk it poses to the lender - BofA may require all to be paid??
Brian Barnes
ENG lending
Nationwide Lender
Brian Barnes
ENG lending
Nationwide Lender