Legal Question in Real Estate Law in Texas
102 days to close?
It has been 102 days since the bank started the closing process on our house and my husband got a new job in January which the banker has known for 2 months, I turned them into the Better Business Bureau and now he is going to tell the underwriters that my husband changed jobs, can I take any legal action?
1 Answer from Attorneys
Re: 102 days to close?
You might want to find a different lender if the first lender is unable or unwilling to make a loan. Whether or not you can sue is a different matter, and I would not ordinarily encourage you in that direction. Most lenders in ordinary residential transactions do not contract to lend a particular sum of money at a particular interest rate. Instead they take applications for loans. You can look through the written documents you received from the lender to see what specific written promises they made, however I doubt you will find much of use...
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