24 May '12, 7pm

Consumer Watch: Preapproval for home loan does not guarantee final OK

http://www.marinecorpstimes.com/money/financial_advice/offduty-consumer-watch-preapproval-for-home-loan-does-not-guarantee-final-ok-052812w/ Consumer Watch: Preapproval for home loan does not guarantee final OK By Karen Jowers - Staff writer Posted : Thursday May 24, 2012 14:15:51 EDT James Powe hoped to move his family into their dream home by Christmas. Everything he had heard from his lender assured him they were on track with his VA-backed loan. But the deal fell through, and a series of miscommunications has put the former Army specialist — rated 100 percent disabled by the Veterans Affairs Department because of torn ligaments in his leg — in limbo since February. “Nobody could ever tell me why they didn’t give me the loan,” said Powe, who lives in Sachse, Texas. He has filed a complaint against the lender, Veterans United, with the Texas Workforce Commission. Veteran...

Full article: http://www.marinecorpstimes.com/money/financial_advice/of...

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