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#2071185 - 03/28/16 04:31 PM Co-Applicant passes away
CF Mom Offline
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Joined: Feb 2015
Posts: 5
Husband and wife apply to refinance their primary residence, shortly thereafter, the wife passes away, the husband re-applies on a different date. Would the original application date be used or the new one where the husband applied alone?

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#2071198 - 03/28/16 05:29 PM Re: Co-Applicant passes away CF Mom
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,965
Bloomington, IN
What happen with the first application? Was it denied, withdrawn, approved but not accepted.....?
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2077467 - 05/06/16 05:59 PM Re: Co-Applicant passes away Dan Persfull
CF Mom Offline
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Joined: Feb 2015
Posts: 5
It was approved.

The husband came back and completed a new application approximately a month later and the loan has originated; however, I am unsure of which application date to use - do I use the first one with both applicants or the 2nd one that originated with the husband only as the borrower?

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#2077596 - 05/09/16 02:41 PM Re: Co-Applicant passes away CF Mom
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,357
So you have two applications and two separate entries on your LAR.
The first one for husband and wife was approved but not accepted. Use the date of the original application by both of them.
The second time the husband came in and applied by himself and you closed the loan. Use the date he came in alone and reapplied for this loan.

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