Posted on: 15th Jun, 2009 07:12 pm
I recently signed all the paperwork to streamline my va loan but for some reason the lender is now saying that they will not pay off the loan, Is there anything legally that I can do?
ty_corrine22
Welcoem to the forum
I am not sure if you can do some thign legally. This could have been triggered due to change in some aituion on your side or ont eh lenders side.
Good luck and feel free to ask
Welcoem to the forum
I am not sure if you can do some thign legally. This could have been triggered due to change in some aituion on your side or ont eh lenders side.
Good luck and feel free to ask
Hi
Did you close on the loan? What kind of paperwork did you sign?
If a loan agreement was signed between you and the mortgage company, they are legally bound to give you the money. But is there isn't any such agreement, you cannot force them to provide you with the loan funds. Did you ask the lender why they'll not pay off the loan? Do you not qualify for a new loan? Have you credit, income etc undergone drastic change in recent times so as to disqualify you for the streamline VA loan?
Did you close on the loan? What kind of paperwork did you sign?
If a loan agreement was signed between you and the mortgage company, they are legally bound to give you the money. But is there isn't any such agreement, you cannot force them to provide you with the loan funds. Did you ask the lender why they'll not pay off the loan? Do you not qualify for a new loan? Have you credit, income etc undergone drastic change in recent times so as to disqualify you for the streamline VA loan?
you really need to have more conversations with that lender. it seems they didn't give you any reason for their action. you need to know precisely why this occurred before you can figure out your next step. did you have an attorney representing you at the closing? if so, you ought to be able to obtain some answers through that attorney.
keep questioning so that you can discover what the issue really is.
keep questioning so that you can discover what the issue really is.
Ask reason of rejection from them. They are supposed to inform you