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Old 08-22-2011, 09:06 PM
Danryan1951 Danryan1951 is offline
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Join Date: Aug 2011
Posts: 1
Default Letter of Explanation for Underwriter

I'm in the process of buying a new home through a 30 year fixed FHA loan. I was advised to write a letter of explanation to the underwriter due to a recent delinquency in one of my accounts. I did the unthinkably stupid thing and lied in the letter. What are the chances that they will call to verify this information? If they do not call there isn't anyway to verify the information. Will they go this extra step? Thanks in advance for any information.

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Old 08-24-2011, 12:47 PM
kate032 kate032 is offline
Join Date: Jul 2011
Posts: 57
Default Re: Letter of Explanation for Underwriter

Since you had to write a letter, most likely the information in it will need to be verified.

But if your lie is caught, it may be for the better that you don't get the loan.
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Old 10-18-2011, 03:14 AM
andysmith andysmith is offline
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Join Date: Oct 2011
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Default Re: Letter of Explanation for Underwriter

It is not a ideal situation for you, as they will definitely look for verification of the information you mentioned in under letter. it is a procedure which is followed by them and they cant search for any other option.
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