We had some clients over the weekend call and tell us that even though they are under contract to purchase a home... they found a different home they want to now purchase!
"We talked to our agent... "Can't You Just Turn Me Down?" Ugh, No. Positively no. Will not issue a turndown letter when I don't have ANY basis for denying your loan.
WHY? Well, because I was involved in a LAW SUIT when one of our loan officers did this! The loan officer didn't have DOCUMENTED evidence that a plant was scheduled to close. She talked to the Human Resource Department, and she knew they had been told... but it had not happened yet.
This is a completely different scenario. The folks just decided they like a different house and want their Earnest Money back. The agent told them we could deny the loan.
Well, I can't. I'd love to help, I want to be the loan officer you use... but I can't take that liability.
If you are looking for an ethical loan officer in NC - please call Steve and Eleanor Thorne, 919-649-5058.
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