Ricky B. asked
I closed a mortgage loan on January 2nd, which was approved based on an employment start date of December 26th. I later rescinded my acceptance of the job offer and took a position with a different company. Now, the lender is hinting that I may be guilty of fraud and threatening foreclosure, recall, or accusation of mortgage fraud. What should I do to address this situation and ensure the lender cannot take adverse actions against me?
January 20th, 2023
Mary F. answered
The lender's threats are likely due to the original loan being contingent on a specific job, which y...
January 20th, 2023
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