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And in this market, they will repull at the end, you can bank on that.
When is your closing date?
-scott
Wow, thank you for that information! I will seriously sleep better
Not until the end of February... the house has a tenant that needs to leave before we close, and she has a lease.
@Anonymous wrote:Not until the end of February... the house has a tenant that needs to leave before we close, and she has a lease.
Then you have plenty of time to get this handled, even if it reports..
I wouldn't worry too much at this point, it will either report or not. And there isn't anything you can proactively do to make sure it doesn't report. You will just have to handle it if it does.
But you won't lose your earnest money, and worst case scenerio is you are back on track for FHA in August of next year... but I don't think it will come down to that.. don't worry about it until it reports, if it reports at all
-scott
Is there any point that I can be reasonably sure that they won't report the late, if they have been reporting each month and it hasn't come up?
Thank you! I'm such a worrier!
Hmm...from what I'm reading, if you get denied for the loan after the mortgage contingency deadline, you lose your deposit, even if you previously had a mortgage commitment. Is this not true?
I just went through the process in may. if you don't back out of the deal, you don't lose your earnest money.
@Anonymous wrote:Hmm...from what I'm reading, if you get denied for the loan after the mortgage contingency deadline, you lose your deposit, even if you previously had a mortgage commitment. Is this not true?
Well crap. Just signed up on credit karma and it does show the late payment... Why wouldn't it show up when my lender pulled it? What can I do now? Send a goodwill letter to the bank? It's a local credit union, how successful is that usually? Also, are the scores on credit karma reasonably accurate?