• Mortgage Denials and Second Opinions

  Can Borrowers Qualify For Mortgage With Lawsuit During Mortgage Process

  Posted by Jeannie on August 20, 2024 at 2:07 am

  Can Borrowers Qualify For Mortgage With Lawsuit During Mortgage Process?

  • This discussion was modified 22 hours, 51 minutes ago by  Sapna Sharma.

  Danny Vesokie | Affiliated Financial Partners replied 2 years, 1 month ago 3 Members · 2 Replies

  • Can Borrowers Qualify For Mortgage With Lawsuit During Mortgage Process
• 2 Replies

• 

  Lilly

  Member

  August 20, 2024 at 6:30 pm

  Certainly, borrowers can get a mortgage while in the middle of a lawsuit. However, whether or not they can depends on the kind of lawsuit and how much risk the lender is willing to take on. Any cases that could affect their financial situation or the title of the property will be closely examined by lenders. Denial may follow suit if this scrutiny reveals involvement with bankruptcies, foreclosures, or other types of claims involving large sums of money. It’s important to lay all the cards out on the table. This is because if there’s anything left unsaid about your legal problems, you can bet they’ll find them during underwriting. This means more paperwork, too! Talk with professionals specializing in mortgages if this is where you’re at.

• 

  Danny Vesokie | Affiliated Financial Partners

  Member

  August 20, 2024 at 6:48 pm

  Great information Lilly.

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