Bank requiring the Removal of Conditions applied for prior to receiving loan

[torsdan 0]

Hello Everyone,

My Canadian spouse received her Greencard and moved to the U.S. Feb 1st 2012. We will be closing on a house hopefully this month at some point.

We just received a Mortgage Commitment in which states she needs to provide "verification application to remove conditions to permanent residency status has been filed ( card expires less than 12 months from anticipate closing date)".

This seems to be an issue as we cannot submit the I-751 application until 3 months to the expiry date.

We are going to meet with the bank tomorrow but seems as if the bank doesn't want our business until Nov 1st 2013...

Has anyone run into a similar issue with the bank when purchasing a home?

[Dave&Roza 748]

Hello Everyone,

My Canadian spouse received her Greencard and moved to the U.S. Feb 1st 2012. We will be closing on a house hopefully this month at some point.

We just received a Mortgage Commitment in which states she needs to provide "verification application to remove conditions to permanent residency status has been filed ( card expires less than 12 months from anticipate closing date)".

This seems to be an issue as we cannot submit the I-751 application until 3 months to the expiry date.

We are going to meet with the bank tomorrow but seems as if the bank doesn't want our business until Nov 1st 2013...

Has anyone run into a similar issue with the bank when purchasing a home?

You can 1) apply for the loan in the USC's name only, 2) change to a bank that does not care about LPR status, or 3) wait and comply with the bank's request. It amazes me how misinformaed some bank employees are or how strange some bank policies are. I would ask the bank employee to produce a copy of the bank policy they are using to request this information. You can see if going to a manager will help. Some times you just have to use your right to go somewhere else. For example, my parents were retired with their retirement incomes and social security. They went to the bank my Mother worked at for 20 years to apply for a loan on a condo for my brother. My Mother made the mistake of saying to the loan officer that this should be an easy loan. He made their lives hell over a loan my parents had several times that amount in cash not to mention all their investments. My Mother went all the way to the main office and complained. No luck. So they went to another bank. You may have to do the same thing.

Good luck,

Dave

[torsdan 0]

Thanks for the reply.