I know everyone says buying a house is an emotional rollercoaster but sheesh! So long story short I made it all the way to closing disclosure but I'm told I still dont have the clear to close?? This is my first time buying a home and my landlord flat out told the UW she wouldn't provide rent verification. I've sent over my bank statements per their request because I always paid cash (lesson learned, I know my landlord and didnt think this would be an issue, shouldn't have assumed). Any who, some months I way over paid if possible and other months less and/or we did work on the house to have taken off the rent. I've received calls from the insurance companies (homeowners & flood) saying the bank requested the final paperwork but my LO is saying still no clear to close?? My closing date is supposed to be Tuesday.
Can someone help me understand please? I'm looking for piece of mind or if I need to chalk it up and start looking for another rental. TIA!
Hi and welcome to the forum
In this case, it may be a good sign that the landlord won’t provide verification, especially if some months you weren’t paying the amount that was due. The months you overpaid kind of sounds like catchup. And work you did on the house to reduce rent payment is really not paying the agreed upon monthly rent. Did you have a lease?
From your own words, it sounds like you had an animus relationship. A few questions: how long were you a tenant, why were you paying cash (did a rent check bounce?), did landlord ever threaten eviction for nonpayment of rent?
I’m not asking these questions to be nosy but just trying to figure out what the underlying reason is for landlord not wanting to verify rent. If he/she is going to give a very negative view of your rental history, IMHO, it may be a godsend it’s not in writing.
As jville said, if everything else on your credit profile is strong and stable, there may be a possibility that the rent verification can be overlooked.