Can I sue a mortgage broker for negligence in this case?
I received a contract for my home on March 28. We should be close April 30. On April 28 called my broker to tell me that the buyer does not receive funding. The mortgage broker has worked from a credit report, 120 days (or more) old, if a credit report was pulled in 2009! At the last minute, alleging the bank a credit report (I understand that’s what they do), and discovered a problem. Again, I get this part, but the “problem” is supposed to be a collection item from a dr. That was paid. Both me and brokers are now wondering if the broker failed in its initial assessment and / or why the bank would spend $ on expert opinions, etc., without first knowing if they could get a loan. Something stinks to me. does not seem reasonable. It is many years since I bought this house, but I remember a point or two like that on my credit file. The bank wanted a written explanation and a “paid” the document of creditor. I know that times have changed, but I feel that I had. My dealer said because of confidentiality laws, there is very little we ever know about the potential buyer. Again, but I get this ……??? This house is a simple, nothing extravagant, $ 104K price tag would be obvious that the tax credit to play a lot on the photo to the potential buyer. So now, my window of opportunity is almost closed, the related brokerage within 30 days of supply. I left there and really need to sell this house! Any advice or suggestions? I am ticked!