@Anonymous wrote: They demanded it's deposited into my personal account, they didn't really specify from whom, just said to do it. They said to pull the money out of our business account, give it to someone else and "pretend" it's a gift, have them sign a gift letter and deposit it into my account. <= mortgage fraud My husband's father can help us and go through with it, thankfully, but this will delay closing because it's not instant. But I am curious what kind of shady practice this is... I literally have an email from the lender requesting we do this. And I realize they need proof of source, we have provided every single document they've requested and more. They could've told us from the beginning that this is not acceptable and they only take fake gift letters as source and we could've done that a month ago. Instead they kept requesting more and more documents. It's not like we couldn't provide them with something so they asked for the gift letter, no, we provided everything, and then, with no explanation, they demanded we do a gift letter. As in the email came and all it said was to execute a gift letter right there and then. As for his job, it's a contract-to-hire position, contract is good until 2/2018. First they claimed nobody would respond to them when they tried to verify the employment. I called BS on that immediately because I have supplied the name and contact info of the person to verify it (it was actually given to us when we requested it), so I know they respond. Then they weren't clear on how contract jobs work (seriously?), so I had to explain. I can see if the contract ends tomorrow, or a month from now, yeah, they got something to worry about. And not like full time jobs are any more guarantee, you can get fired or laid off tomorrow. Prior to that they made a stink that my husband has previously worked for a company that no longer exists so they couldn't verify that employment even though we provided all W2s, tax returns for 3 years that had those W2s as income, and every single pay stub. So the government thinks it's valid that he worked there but a lender doesn't? But as soon as they stopped arguing that, they brought up his current job situation and tried claiming they can't verify it. After 4.5 weeks, 4 days before closing, this came up... What were they doing for 4.5 weeks? In addition, 1.5 weeks ago we received a letter from underwriting saying we are approved contigent on finished repairs (done), providing payment schedule for my student loans (done), and couple of other documents (done, done, done). All done. Then we received a request for more documentation, then the job situation was brought up. I cannot understand what is happening.
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