[nfb-talk] question regarding mortgage loan

Wed Aug 7 22:08:14 UTC 2013

most likely it hasn't been resolved yet.
Chuck
----- Original Message ----- 
From: "Sherry Gomes" <sherriola at gmail.com>
To: "'NFB Talk Mailing List'" <nfb-talk at nfbnet.org>
Sent: Wednesday, August 07, 2013 2:25 PM
Subject: Re: [nfb-talk] question regarding mortgage loan


> The article didn't say the results of the suit, just that HUD was going to
> be suing. I mean, I guess that would be DOJ, department of justice.
>
>
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of Sean Paul
> Sent: Wednesday, August 07, 2013 3:19 PM
> To: NFB Talk Mailing List
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> 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
>>
>>
>>
>>
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