What is the name of your state? NJ
Me and my husband applied for a mortgage on a house in NJ. We 1st gave them a $1000 binder then a 15,000 deposit. we have a total of 16000 in escrow We got the commitment and went into contract.
We were supposed to close tom and found out yesterday we were denied.
How does that happen?
My lawyer states that I should apply for another mortgage if I cant get a mortgage she feels I should ask someone to lend me the money or cosign and I am at risk of being sued by the seller.
Its not my fault. The mortgage guy sent the commitment letters and now he is saying I am denied.
What are my options. Please help.
Me and my husband applied for a mortgage on a house in NJ. We 1st gave them a $1000 binder then a 15,000 deposit. we have a total of 16000 in escrow We got the commitment and went into contract.
We were supposed to close tom and found out yesterday we were denied.
How does that happen?
My lawyer states that I should apply for another mortgage if I cant get a mortgage she feels I should ask someone to lend me the money or cosign and I am at risk of being sued by the seller.
Its not my fault. The mortgage guy sent the commitment letters and now he is saying I am denied.
What are my options. Please help.