HELP- Will I Get A Loan? (escrow, heloc, approval, Credit Bureau)

[suaz]

I had a bankruptcy which was discharged (it will be 2 years this July). I am in escrow on a house and need loan approval. I've applied with Wells Fargo but it is iffy. My 1st and HELOC were included in the mortgage even though the intent was to retain them. I can't the credit bureaus to remove this so it's causing a problem. They are showing as being included in the bankruptcy.

I've provided Wells with the closing statement (from when the home was sold) showing payoffs. The underwriter can request payment histories to show I was never late. Will I be able to get a loan?

[Pfhtex]

Why did you go into escrow without first getting this question answered by a Lender?

"My 1st and HELOC were included in the mortgage even though the intent was to retain them." - - what does this mean?

FHA allows for a loan 2 years after the Discharge of a Chapter 7. But there may be other issues afoot.

[suaz]

It's a new build and they require the approval after going into escrow. The intent document is a page in the bk. Please help, mortgage professionals!

[tamitrail]

Wow, I hope you have a mortgage contingency so you don't lose your deposit. Even if the builder required approval after escrow, you should have gotten your own lender and approval lined up first so you knew where you stood before you signed any contracts.

ETA: I am also confused because on April 4, you posted that you bought a house in a community. How did you buy it?

[Jkgourmet]

Originally Posted by tamitrail

ETA: I am also confused because on April 4, you posted that you bought a house in a community. How did you buy it?

LOL! It's okay, though. If it's the house she "bought" at Encanterra, the commute to Phoenix would kill her, so she's better off NOT getting the house.

[suaz]

Just for your information, Jkgourmet, my loan was approved, know it all. Thanks for your help and your kind words. Why bother even posting.