My congressmans office called me yesterday after I blasted them with a "not so nice" email to let me know that they had reached out to 3 different places. But she also told me that they had to go through Atlanta HUD because that is the region it was assigned to :-( Apparantly, depending on where you live there is only 1 location that can help you. I also told her I didn't understand why so many others are having great success with this but not in my state or my representative. She said she was doing everything she could... Crossing my fingers that I don't lose my house!!
The problem she said they are having now is because the bank did not transfer the title out of my name until 3/2015. According to HUD regulation, they have to go by that for the 3 year mark regardless of getting the CAIVRS removed unless it is for "extenuating circumstances" which based on the regs, divorce is not one of them. The only other shot I have, supposedly, is to write a letter of explanation to the underwriters and ask them to grant me an exception based on the extenuating circumstance of "substancial household income loss beyond the borrowers control". So I did that and provided a copy of my 09 and 10 income tax returns to show that it dropped from 107K (with being maried to 50K) with being single again. Waiting to hear back. That is the only hope I have. If that doesn't work, I will have to wait until 2018 to qualify, which is 8 years after my BK... Also, my MLO says she is on my side, but based on everything I am seeing, I swear, it seems like she doesn't want this to go through... Unbelievable!!!
FHA is already saying that it is insurable at the time. Even the congressmans office has been talking to my MLO and forwarding information to her from FHA. They are saying that because my home was not transfered out of my name until 2015, even though the LisPends was filed in 2012, regardless of a cleared CAIVRS, the guidelines say 3 years after transfer date... Its BS!!!
Do you know the HUD guideline that they are citing for the three year transfer date?
Nevermind - found it. 4000.1 II.A.5.a.iii(I)
Yep, and I was looking off of the Letter 2013-26, page 2 on the 1st bullet for extenuating circumstances says "certain credit impairments were the result of Loss of Employment OR a "significant loss of Household Income beyond the borrowers control"... The MLO was saying it had to be in relation to a job loss but I said if you read the reg correctly it say OR, not AND... If I am wrong, I will take that, but I just think no one want to work my loan anymore, because it is that... Work... :-( But I have done all the work so far, all they have done is collect the data and just say No... Ugh!!