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Old 04-19-2018, 08:47 AM
 
Location: San Antonio
3,068 posts, read 8,822,798 times
Reputation: 4411

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All,

I need some advice. My lender is asking me to alter tax documents, but not majorly. I'm uncomfortable with it, but they won't budge.

I signed with a "PIN" versus a wet signature. I have tax transcripts, a print-out from my bank showing my refund, and a print-out from the IRS showing my refund. However, the lender insists that I MUST sign my 1040.

The IRS accepted this from without a signature, and went so far as to issue a tax refund, because I used a "PIN signature" which is legally accepted.

If I sign the 1040, I'm changing a document that is already on file with the IRS, in order to quality for a loan. But, since I'm not actually changing any of the income amounts, is this OK to do?

I'm so frustrated with this lender, but I have weeks investing into this mortgage and I don't know if it's worth walking away from on principal. I would be changing a filed tax document in order to qualify for a mortgage, and not amending my taxes with the IRS. It doesn't sit right with me. The lender is asking like this isn't a big deal.

Any mortgage brokers here who could offer advice?

Thank you!
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Old 04-19-2018, 09:18 AM
 
4,331 posts, read 11,243,914 times
Reputation: 2650
Signing your 1040 for your mortgage lender is not "altering your tax documents". By signing it you are just indicating that the return you presented is indeed the one you filed. You are way overthinking this one.
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Old 04-19-2018, 09:32 AM
 
Location: San Antonio
3,068 posts, read 8,822,798 times
Reputation: 4411
Thanks. It is just weird because the IRS considers it to be legally signed already and I have tax transcripts from the IRS. But thank you.
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Old 04-19-2018, 11:34 AM
 
5,211 posts, read 2,723,623 times
Reputation: 7165
Yeah, much ado about nothing. This is not like Countrywide fudging your income to get through underwriting prior to the 08 mess.
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Old 04-19-2018, 06:31 PM
 
Location: Rochester, WA
3,125 posts, read 1,567,960 times
Reputation: 8264
Quote:
Originally Posted by dmarie123 View Post
Thanks. It is just weird because the IRS considers it to be legally signed already and I have tax transcripts from the IRS. But thank you.
And if someone hands it to you again tomorrow, with your old signature on it, and asks you to sign that it is still yours and still true, you can... it doesn't change the meaning of the document for you to sign that you've seen it and agree with it.
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Old 05-05-2018, 04:35 PM
 
727 posts, read 532,725 times
Reputation: 691
Not an issue at all. Nothing is being falsified. It's legal and above board.
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Old 05-09-2018, 09:12 PM
 
Location: MID ATLANTIC
7,433 posts, read 16,992,906 times
Reputation: 7762
Wow, someone that wants to make a difficult process even worse by kicking and screaming with silly objections. No one is asking you to alter income or anything regarding your identity. Keep looking, you can likely find some real problems, just need to know what you are looking at.
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Old 05-10-2018, 02:49 PM
 
Location: Austin
6,950 posts, read 16,325,559 times
Reputation: 9102
Tax returns are signed in PEN all the time at closing. They want a wet signature. You don't get to alter a lender's criteria. If you don't like their rules, you don't get their money.
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