I got a great rate locked, which was extended once. As we were getting near closing interest rates starting going up. On the date of closing, the lender sent the clearance to close, but failed to send the documents for the closing (actually appears to have dragged their feet). The rate lock expired the date of closing. My turnaround on delivering additional information requested was 2 days.
At one point, in the calls back an forth, one of the lending officers mentioned that nobody wanted to release the documents because of what rates were doing. Does it make sense to spend the money in attorneys to go after these guys? Any thoughts will be appreciated.
At one point, in the calls back an forth, one of the lending officers mentioned that nobody wanted to release the documents because of what rates were doing. Does it make sense to spend the money in attorneys to go after these guys? Any thoughts will be appreciated.
