Legal Question in Real Estate Law in New Jersey

Refinancing

My x husband is refinancing our mortgage on our home in tampa florida to buy me out. His loan has been approved and the paperwork was sent to his new mortgage company based in new jersey.Underwriting has had the paperwork now for 5 days. Now at this late stage of the sale, his mortgage company now tells me they need to do a social security check on him that will take at least another 48 hours. This will delay closing for a 3rd time. Shouldn't they have already done this a long time ago? I have other commintments and really need to close on this house. Is there any way to speed this up and is this social security check legal or is this a stalling tactic ? And what can i do about it?


Asked on 9/17/05, 11:42 am

2 Answers from Attorneys
Robert Davies The Davies Law Firm, P.A.

Re: Refinancing

I agree with the other attorney, the approval process has become more....'careful' since 9/11. However, you seem to have a bigger problem, getting your ex to move, fast. If you want to prod him along, you will need an attorney to do so. If I can help, call me. 973 890 0400.

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Answered on 9/18/05, 11:36 am
Walter LeVine Walter D. LeVine, Esq.

Re: Refinancing

I am not sure what the social security check is about. However, since 9/11 and the Patriots Act, title companies and mortgage companies have been doing more checks than previously. We just have to learn to be more tolerent and not always have instant gratification. Just be patient, a few more days is all that is needed. The check is not a stalling tactic.

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Answered on 9/17/05, 1:22 pm


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