Complaints & Reviews

INCOMPETENCE AT FANNIE MAE

WE PURCHASED A HOME ON AUG 8 TO CLOSE ON OR BEFORE AUG. 28TH. THE HOME LOAN WAS SOLD TO FANNIE MAE FROM BANK OF AMERICA. THIS IS A CASH SALE AND IT IS NOW SEPT 20 WE HAVE NOT CLOSED. FANNIE MAE HAS TOLD US THEY DON'T HAVE THE DEED AND BANK OF AMERICA SAYS THEY SIGNED IT AND FORWARDED IT TO FANNIE MAE, BUT ACCORDING TO FANNIE MAE ONLY THE CLOSING AGENT CAN FIND OUT ANYTHING AND NO ONE WILL DO ANYTHING TO SPEED THIS PROCESS. WHAT CAN BE DONE? IS THIS BREACH OF CONTRACT? WE KEEP SIGNING EXTENSIONS ON THE CONTRACT BUT IT IS GETTING OLD

  • Ra
    RarelyComplain Sep 18, 2012
    This comment was posted by
    a verified customer
    Verified customer

    Hows that government mortgage company working for ya? They started that mess and then installed themselves right smack dab in the way of any resolution to it. And you can be sure there is some politcal ulterior motive to it. You may not close for another month or more. Good luck. Hope you're in no rush.

    0 Votes

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