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Conditional Approval

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Anonymous
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Conditional Approval

I have a question.  I have been given a 'conditional approval' on a mortgage to buy 'my' house from my ex-husband.  When we separated we put the house in his name only and did a cash-out.  Now apparently the cash out may cause a problem even though I am technically no longer on the mortgage.  I am approved, credit is fine, have the cash for close, this seems to be the only issue.  Can anyone tell me more about why this is a problem?
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1 REPLY 1
DallasLoanGuy
Super Contributor

Re: Conditional Approval

your lender won't tell you why?

 

 were you on title?

Retired Lender
Message 2 of 2
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