In case anyone’s wondering if the closing of Taylor, Bean & Whitaker is for real and should be taken seriously, here’s a copy of their official press release:
Take special note of the following statement:
REGRETTABLY, TBW WILL NOT BE ABLE TO CLOSE OR FUND ANY MORTGAGE LOANS CURRENTLY PENDING IN ITS PIPELINE.
This is the part that’s important to you, the consumer. If you have a purchase contract heading toward closing, it’s critically important that you check and double-check whether or not TBW was connected to your upcoming mortgage, whether first-hand or remotely. If they were, THAT loan commitment is no good and you’ve got to find an alternative lending route or you’ll get to the closing table, with your truck packed full of all of your belongings, and you won’t be able to close!
Be proactive, so you’re not caught with your pants down!
About Ryan Hukill
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