I was told they could close a loan by January 22nd. I called one week before my closing and they said that they wouldn’t be able to close because they weren’t licensed in Texas to make home loans… I was surprised to say the least.
I had already spent thousands of dollars on this deal which was nonrefundable, I had already ask the seller for an extension and now they wanted me to ask for another extension and couldn’t give me a closing date.
I looked into their history and found out that since the state has required licenses they have let their license lapse three times roughly 50% the time.
I also found out that they knew their license had expired and couldn’t close weeks before they told me.