[nfb-talk] question regarding mortgage loan

Wed Aug 7 21:19:16 UTC 2013

Glad that that worked for you. What they're trying to determine is if your 
disability will still be there in 3 years & if you'll still be recieving 
those benifit payments. As if you were not, it'd effect your income. What 
you didn't tell us is how that suit came out. I am not an attorney & don't 
play one on the radio. But, I'd be willing to bet if I were a betting man. 
&, sometimes I am. Is that the courts under current law would uphold the 
lenders right to ask those questions & ask for that sort of verification. 
But, mortgage laws & the ability to get one has gotten much much tougher in 
the last 5 years since the housing crisus of 2008. When banks were giving 
loans to folks who could have never repaid them. That's exactly why the 
housing market is in the state that it currently is. Too many people were 
getting loans who shouldn't have had them. &, banks & mortgage lenders were 
not doing enough to insure that those loans could be paid back. The laws 
have changed a great deal since then. &, there is a much larger verification 
process which has to now be undertaken. Yeah, I opined there a little bit, 
but, yes, sometimes I do get paid for doing so.
----- Original Message ----- 
From: "Sherry Gomes" <sherriola at gmail.com>
To: "'NFB Talk Mailing List'" <nfb-talk at nfbnet.org>
Sent: Wednesday, August 07, 2013 17:07
Subject: Re: [nfb-talk] question regarding mortgage loan


>I don't mind giving them the income verification. and I've done that. It 
>was
> getting a letter from a doctor that I will still be disabled in three 
> years
> that I questioned. They've backed down on that and are now accepting the
> SSDI letter as enough. I found a HUD article that talked about a suit
> against bank of America for asking for just such a thing, doctor's
> verification that the person would still be disabled in three years. I 
> sent
> that to the person I'm working with and then the underwriter said the SSDI
> letter would suffice.
>
>
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of robert
> stigile
> Sent: Wednesday, August 07, 2013 3:04 PM
> To: NFB Talk Mailing List
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> Hello,
> I thought when I read it earlier, she was receiving ssi, I
> receive ssdi as my wife does too.
> They had to receive letters from Social Security as did they from
> my employer, to verify income, if you were working full time,
> they would verify that income from your employer.
> It is standard procedure.
> They want to make sure you will have the funds to pay back the
> loan, and that you will be steady in your finances.
>
>
> Robert Stigile
> phone: 818-381-9568
> e-mail: rstigile at gmail.com
> Skype: robertstigile1
> Twitter: rstigile
>
> ----- Original Message -----
> From: "Sean Paul" <newsandtraffic at aol.com
> To: "NFB Talk Mailing List" <nfb-talk at nfbnet.org
> Date sent: Wed, 7 Aug 2013 16:12:49 -0400
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> She is not recieving SSI, she is recieving SSDI which is a
> totally different
> animal here.  I'm still waiting to hear back from those I reached
> out too on
> this matter.  Hopefully it'll be before they leave their offices
> today.
> ----- Original Message -----
> From: "robert stigile" <rstigile at gmail.com
> To: "NFB Talk Mailing List" <nfb-talk at nfbnet.org
> Sent: Wednesday, August 07, 2013 16:09
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
>
> Hello,
> Actually they can ask your employer if you will be there in
> three years,
> and they did
> when I bought my house.
> I also had to get a form from Social security, but the only form
> you are
> going to get, which should suffice, is the awards letter which
> states you
> are receiving ssi.
> Hope this helps,
>
> Robert Stigile
> phone: 818-381-9568
> e-mail: rstigile at gmail.com
> Skype: robertstigile1
> Twitter: rstigile
>
> ----- Original Message -----
> From: "Sherry Gomes" <sherriola at gmail.com
> To: "NFB talk list" <nfb-talk at nfbnet.org
> Date sent: Wed, 7 Aug 2013 12:44:11 -0600
> Subject: [nfb-talk] question regarding mortgage loan
>
> hi all,
>
> I'm in the process of trying to buy my own very first owned
> home.  I'm 55,
> and I've rented all my adult life.  The person who has been
> working with
> me
> on getting my loan processed emailed me today to say that the
> loan
> underwriter wants a document from a doctor verifying that I will
> still
> have
> my disabilities for the next three years.  I work--am
> self-employed--and I
> get some SSDI.  this requirement does not seem fair to me.
> after all,
> they
> can't ask a person without a disability to get their employer to
> verify
> that
> they will be employed for the next three years.  and in my case,
> they
> aren't
> even asking me to get the company for which I contract to verify
> I'll
> still
> have my contract in three years.  Are they allowed to ask for
> such
> verification? When I keep questioning this, they tell me they
> can'[t
> refuse
> the loan on the basis of my disabilities, but that they can ask
> for this
> verification from my doctor.  It doesn't seem right.
>
> Sherry
>
>
>
> So hold this moment fast,
> And live and love as hard as you know how,
> And make this moment last,
> Because the best of times is now.
> --La cage aux Folles
>
>
>
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfb-talk_nfbnet.org
> To unsubscribe, change your list options or get your account
> info for
> nfb-talk:
>
> http://nfbnet.org/mailman/options/nfb-talk_nfbnet.org/rstigile%40
> gmail.com
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfb-talk_nfbnet.org
> To unsubscribe, change your list options or get your account
> info for
> nfb-talk:
>
> http://nfbnet.org/mailman/options/nfb-talk_nfbnet.org/newsandtraf
> fic%40aol.com
>
>
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfb-talk_nfbnet.org
> To unsubscribe, change your list options or get your account info
> for nfb-talk:
> http://nfbnet.org/mailman/options/nfb-talk_nfbnet.org/rstigile%40
> gmail.com
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfb-talk_nfbnet.org
> To unsubscribe, change your list options or get your account info for
> nfb-talk:
> http://nfbnet.org/mailman/options/nfb-talk_nfbnet.org/sherriola%40gmail.com
>
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfb-talk_nfbnet.org
> To unsubscribe, change your list options or get your account info for 
> nfb-talk:
> http://nfbnet.org/mailman/options/nfb-talk_nfbnet.org/newsandtraffic%40aol.com
>