My question involves real estate located in the State of: Colorado
We closed on a refi 9 days ago. That is we both signed the closing documents and were told the loan would be funded at the beginning of this week. The day after closing, we got a request for more documents and were told Monday that those documents would be necessary for funding. Back in August, the company had requested my wife's income info, but as her job ended at the end of July (after we had started the loan process), I said she was no longer employed. I also stated that I have 3 sources of monthly income and shouldn't the total income be sufficient. A few days later I got an email stating that the underwriter had approved the loan pending title and appraisal. After this apparent assurance, we shelled out nearly $700 for the appraisal. I knew this was high, but wanted to get the loan closed. At this point, we had given all the necessary documents up until closing, yet the refi company is not funding the loan/cash out. What recourse do I have? Thank you.