bank mistake. my email was wrong on the other one,, sorry

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tyson

bank mistake. my email was wrong on the other one,, sorry

Post by tyson » Tue Aug 17, 2004 12:56 am

Just recently we have tried, well are still trying to purchase a manufactured house. We called many banks, but they told us that they were unable to finance 100% on these homes. We called Wells Fargo as a last resort and told them up front what we were buying. They said they could do 100% on the home and began processing a loan for us on july 13. As the days passed we had been keeping in touch with Wells Fargo staff other then our mortgage counselour b/c she wouldn't return phone calls and they had been telling us that our closing date was on August. 13th. We had the appraisal done, title ran everything ready to go. While we were at the beach, we called on August 4th to make sure everything was set to close and they told us it was. We returned from the beach on saturday Aug. 7th to get an email stating the loan was denied from the same Wells Fargo employee that wouldn't return calls. Reason was that they couldn't do 100% on a manufactured house. They later said on the phone that they made a mistake and should have never started the loan because of this. My problem now is that as of the 20th, which is 4 days from now we need to be out of our apartment and have no where to go because this loan was suppose to closed. They are trying to get another loan started and finished by the 20th,which might not close in time. Looks like our stuff will end up in storage and as I said before we have no where to go, but a hotel until it does close. Are they badly at fault somewhere along this mess? Any suggestions?, and would a lawyer be a good person to talk to? I'd like to mention again. They knew this was a manufactured home from the begining when we called, they also talked to the homesale sales rep for info on this house.!!

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