[quote=SK in CV]Why don’t you just tell them the truth. Your return has just been or just about to be filed, and the IRS hasn’t processed it yet. I presume it is still standard practice for underwriters to request and receive authorization to receive copies of returns from the IRS (which it sounds like you’ve already provided). They’ll get the copy (or transcript) of the return after it’s processed.
Essentially the lender is in the exact same position as they are when a borrower has a valid extension to file their return.[/quote]
Oh, i am telling them the truth. I didn’t know my 2009’s didn’t get thru until today that i called IRS today. The reason this came is because the lender requested transcripts and i didn’t have anything for 2009, because of the reason stated above: the check went to my 2010.
I am hoping that if i go personally today and get my 2009 returned stamped by the IRS, it will be enough for the lender + a letter of explanation; because if they want to get transcripts, it will take 6+ weeks for the IRS to process my 2009. I guess worst case scenario is that lender wants actual processed transcripts my only option would be withdraw the offer since i don’t want to lose my earnest.
It just sucks because i am so close to close and this simple mistake pops up.
