What is the name of your state?Hey, folks. Buck Sampson from California (home of the Governator!)
I recently refinanced a home through Full Spectrum Lending (CountryWide). We applied on 07 Oct 04 (That's when the app actually cleared). The loan closed this week (between 01 and 03 Nov... still trying to firm the date) and our agent is saying that because of some "internal changes", our dibursement checks will be delayed.
Now, acording to my account summary on their webpage, the loan is documented and funded already. What gives?
I guess my question is this:
Can they just arbitrarily sit on the loan checks until they get all their "internal changes" done? If the loan is funded and they have the title leined, it's technically my money they're sitting on, right. I'm a first time homeowner (I titled on with my partner during the refinance) so any insights would be greatly apreciated.
Thanks y'all...
I recently refinanced a home through Full Spectrum Lending (CountryWide). We applied on 07 Oct 04 (That's when the app actually cleared). The loan closed this week (between 01 and 03 Nov... still trying to firm the date) and our agent is saying that because of some "internal changes", our dibursement checks will be delayed.
Now, acording to my account summary on their webpage, the loan is documented and funded already. What gives?

I guess my question is this:
Can they just arbitrarily sit on the loan checks until they get all their "internal changes" done? If the loan is funded and they have the title leined, it's technically my money they're sitting on, right. I'm a first time homeowner (I titled on with my partner during the refinance) so any insights would be greatly apreciated.
Thanks y'all...