Sorry to listen to about your expertise. I also alert everybody to not cope with DAVID TANDY/Wells Fargo Garden City, NY. He's probably the most dishonest and jackass home loan specialist I Have ever achieved.
January we contacted David using the expectations of remodeling our home and getting of the REHABILITATION mortgage (the only real mortgage I understand of this is based mostly around the potential house worth article-restoration). We requested many times when the mortgage amount (current mortgage building price backup final gazillion FHA costs) is just a practical/achieveable mortgage amount. Without hitting an lash he assured it had been all possible.
We waited greater than a month and half for that appraiser JOHN to obtain touching people simply to recognize he can't assess the home with no 203K (?) report (detailed report on the house completing for instance, marble counters, ceramic floor etc...). After over 1 week of follow-up telephone calls with David and associate Sandy (both laying that report was once delivered to appraiser) and John (regularly questioning receiving such - "sound automatic/automatic when he declines about getting the statement) the home was ultimately estimated but reduced than anticipated. I actually have no idea where David got the info when finishing the 203K statement since internal finishing wasn't mentioned in anyway/type.
Anyway, we did our very own comparables and submitted to David using the expectations of getting a greater estimated house worth. Each time we would follow-up he seem like he's no understanding/data re: our mortgage. He never delivered our calls even if informed we'd stop the applying because of failure to supply the Great Faith Estimate Mortgage amount. Fundamentally, he stated to possess attempted to obtain in contact with the local supervisor (of whichever evaluation organization they offer company with) but times converted into months and today greater than a month. We started this application for the loan in January and we'venot had any improvements so far (Mid- April). He promises application for the loan process usually takes 60-days but we're past that interval and never actually halfway thru the procedure.
We've ended our agreement using the contractor (task was set-to begin in May) because of failure to secure financing hence dropping $3500 in new costs, another $1000 (?) for city permits plus $3000 in pre-bought toilet accessories. We have endured so much psychological tension and suffering over this application for the loan and considering suing and processing a BBB problem aswell. We are so ruined with this specific unsuccessful application for the loan we're scared to test elsewhere. Your desires of remodeling our dream house continues to be broken...
To potential home loan candidates, AVOID DAVID TANDY/Wells Fargo Garden Area, NY.!!
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