My purchase contract noted that a mortgage commitment was due by September 12, 2012. My attorney has had to request two extensions on account that we're still waiting for underwriting to provide the mortgage commitment. Over the past week I've had to respond to a series of requests/conditions from underwriting, including LOE for credit items, bank items, 12 months worth of rent payments etc. A LOE was requested to explain why I had a prior short sale and what I have done to change my situation since then.
Now I'm nervous that I won't get the mortgage commitment.
Has anyone had to provide a LOE explaining a prior short sale or foreclosure? What are underwriters looking for?!?