Am I being given a run around or is this normal?
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call the real estate agent...see if they cant get you some answers..sounds like you are getting the run around..shouldnt be such a runaround...three weeks ago they should have told you a date you were gonna close and you should be closing on that date..what that other nonsense is i have no idea
Am I being given a run around or is this normal?In the current mortgage market situation, it's a lot harder to get a loan. Lenders are taking their sweet time analyzing your credit, verifying your income, verifying your deposits, and assessing the overall risk. They are asking for all these documents to get a better picture of your financial situation and the property you are buying.
It's normal to be pushed back a few days but your lender and real estate agent should be communicating with you. It's not a good idea to get a new lender because you have to start the process again. Call your lender and real estate agent and demand a firm answer on what's taking so long. Also, read the disclosures that they've given you. The disclosures often lists what processes have to be completed and they give a deadline (i.e. within three business days of initial disclosure) that the process has to be completed. Take detailed notes of the conversations that you have with the lender and don't be afraid to escalate if you feel like you've been given the run around.
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