va home loan and fully executed letter

This is a discussion on va home loan and fully executed letter within the Real Estate and Property Law Questions forums, part of the Legal Questions & Answers Forum category; what must it say...

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  1. #1
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    va home loan and fully executed letter

    what must it say


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  3. #3
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    Can anyone assist? I have not seen in the law books and HUD/VA guidelines?

    I am getting ready to close on my new home loan, and was told by the underwrites that I must provide fully executed letter explaining deed for my timeshare property, however not listed on application under real estate owned.

    I gave them a copy of the clear title deed, paid off many years ago. Coldwell Bankers stated they wanted assests to show. (IE car titles, property etc). Now at closing they are post-poning.

    Need HELP ASAP. Can they do this?

  4. #4
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    I am getting ready to close on my new home loan, and was told by the underwrites that I must provide fully executed letter explaining deed for my timeshare property, however not listed on application under real estate owned.

    I gave them a copy of the clear title deed, paid off many years ago. Coldwell Bankers stated they wanted assests to show. (IE car titles, property etc). Now at closing they are post-poning.

    Need HELP ASAP. Can they do this?

  5. #5
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    You have a problem in terminology between the underwriter and yourself. Your time share is NOT deeded real property. The underwriter is trying to understand why you have a deed to property you do not wholly own although you have an interest.

    Unless your are short on assets, I would advise this underwriter that you made a mistake and drop the whol damn time share thing.

    In all honesty, time shares are more of a liability than an asset. The underwriter knows this. Drop the time share asset and things will work out fine.


 

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