- Jurisdiction
- North Carolina
About 2 months ago (April 14th) I received, and accepted an offer to purchase my property in NC. The purchaser is a Veteran and needed to secure a VA loan. This person was pre-qualified for the loan amount he was asking for. The closing on the property was scheduled for 5/23/19. Based on the pre qualification, underwriting and information from the loan manager at Lendingtree.com I went ahead and put earnest money on a property that I wanted to purchase (which was contingent on selling my property). In the meantime I went ahead and paid for inspections, title searches, moving expenses, legal fees, etc. While all of this was going on, the lender kept pushing back the closing date claiming that they were waiting for paperwork from the VA. This has gone on thru several closing delays and a month past the closing date. Now I have found out that the lending manager (at Lendingtree.com) failed to request the needed documents from the VA until AFTER THEY SCHEDULED THE FIRST CLOSING DATE. More specifically, form DD214 - which is a military discharge form. In the meantime, the contract I was in to purchase my property has expired and the seller will not renew it again. Bottom line I am out well over $2000 because of the incompetence of the loan manager at Lendingtree.com. Question - is there any way to recover all of the money I've lost due to the mishandling of this loan?
