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About Al Rodenburg
Expertise
Well...looks like I can see the light at the end of the tunnel (and it's not an oncoming train!). Seriously...for the last several years, underwriting guidelines have continued to change and become more restrictive; but it finally appears that they are heading in the "right" direction. My goal has always been to help the consumers and investors, as well as making the process as quick and transparent as possible. If you'd like to contact me directly, visit mortgageoffice.com.

Experience
Over 12 years, originating primary residence and investment propery mortgage loan financing - with an emphasis on making the process as simple and quick as possible for the consumer.

Education/Credentials
Principia College, Florida State U.,University of Illinois-Chicago, Roosevelt University and Lake Forest School of Management.

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Real Estate Home Mortgages - Mtg problem

Expert: Al Rodenburg - 8/24/2009

Question
My closing date was set for 8/26. On the morning of 8/21 I get a call from my Mtg broker stating that the mortgage company has "decided that they are no longer going to finance manufactured housing" & that she's "found someone else to finance me but doesn't know when we'll be able to close". The lender that she "found" was the one that was originally was supposed to do my mortgage but the broker said that she was leaving them and would make sure that my paperwork went through with the new company (the one that now won't finance mfg homes anymore). This all seems very suspicious to me.

I intend to contact the original Mtg company that is playing with my life (according to the broker)but want to have as much info as is possible prior to doing so. Is this legal? Is the broker the one that's feeding me the line? Any info or advice that you can provide me would be appreciated.

Answer
It's your loan and as far as I'm concerned you should be able to contact anyone involved in making your loan. What your broker is doing is unclear to me.
You might want to try these guys as they used to be the top mobile home lender: https://www.21stmortgage.com/web/21stSite.nsf/index?OpenForm

Good luck.

p.s. if the loan officer is a problem, don't hesitate to call the broker/manager direct and ask them what the problem is (threatening to contact the state licensing div. that licenses brokers in your state can't hurt - if you feel you've been wronged). I am not an expert in legal matters and it is always prudent to contact an attorney who specializes.

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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here