Doing fha loan, underwriter found error on taxes. Can lender use stamp on amended tax return to continue processing and close loan
Its a short sale and we are in the final stages where I can get bank approval any day now. I have never owned a home before. If they can't use the stamp directly from the IRS, ( I went to an actual IRS building), is there anything I can do to speed up process????? Thankns by frobro3684 from , . Jun 30th 2013
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
you can try calling them, but remember they are a govt agency...... did you fill out your taxes or have someone do them/? linda
Michele Welch (michelewelch)
#29 ranked lender in Massachusetts - 10 contributions
That is a big red flag for the underwriter. I doubt that the Investor will allow a stamped amended return as they will need to get a new 4506T Transcript Directly from the IRS showing that the mistake has been fixed and the amended return is in their system. You can contact the IRS directly at 1-800-829-1040 and tell them you need a copy of the Amended Return faxed directly to you. Be prepared to be on the phone a while. Also, You may want to contact your loan processor and use their fax number to avoid any additional hassles.
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