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In April 2002 my husband was laid off from Sprint PCS after working for them for 6 years. His whole call center was closed. In total they laid off 522 people and it was so large that Sprint was required by Federal law to notify the city we live in.
Since he had been there for 6 years he was vested with the company. When he was let go he received severance and a small pension check.
After he was let go he was unable to find work and ended up filing for bankruptcy. Since then he's had steady employment.
Fast forward to today, we are trying for our first mortgage. The underwriter is asking for proof that he was laid off. We have nothing since it's been 7 years. We contacted Sprint who has all of their work verification through a third party. That company has him listed as retired. Listing him as retired means he left voluntarily. It lists where he worked. We contacted Sprint and they only show that he cashed his pension check (wouldn't you if you were out of work). We went back and found news articles from that time that show that Sprint closed the center and laid everyone off. In the article it says the time and the address for the center which matches the address that Sprint says my husband "retired" from.
Our mortgage hangs on the what ever we can do to prove he was laid off. We don't know what else we could provide or who else we can talk too.
Does anyone have any advice or info as who we might talk too?
So we just heard back from Sprint, they can't go back that far to fix the retirement problem. His former boss was laid off with him and he no longer has contact with him.
The only thing else we can try is the unemployment and hope they can go back to 2002. I doubt it since it's 7 years old.
I've resigned myself to not getting the house, it just hurts since we can afford it, it would be better for us since it's cheaper than our rent.
Sometimes it does feel like this. We were going to buy a nice plot of land and a small mobile home with thoughts of replacing it and getting a new one.
This was in August. In a few short weeks, we were told we were 'denied' by our mortgage company (due to not having a way to assess the property, not due to our credit score which was excellent), I left my job, and we had to rent somewhere else. (we were told to leave by the new owner of the house we were renting.)
The only good point of this place (we are now in a complex) is they allow dogs and it is closer to the stores. Otherwise, we still wish we got that property.
I hope things turn around for you and you can get a better house in the future!!
So we just heard back from Sprint, they can't go back that far to fix the retirement problem. His former boss was laid off with him and he no longer has contact with him.
The only thing else we can try is the unemployment and hope they can go back to 2002. I doubt it since it's 7 years old.
I've resigned myself to not getting the house, it just hurts since we can afford it, it would be better for us since it's cheaper than our rent.
Nice guys do finish last.
Try LinkedIn to find his old boss in case the unemployment people cannot find the records. Good luck.
We contacted our states unemployment and they don't keep records that long. The gentleman told my husband "I've never heard of that from a mortgage company and I've done this job for 15 years."
It just stinks cause we have 10k saved and good credit. Our mortgage would be $525 compared to our $944 rent.
I'll see if we can find his old boss, but I doubt it will do any good. They (underwriter) want something on Sprint letterhead.
Are you checking with your local Sprint organization or going through corporate? If not corporate, I would send a certified return receipt letter to the CEO of Sprint corporate documenting everything that's happened and send a copy to the mortgage company. It's worth a try. Good luck.
If you get laid off and don't work for 7 years and receive a pension, you aren't unemployed. You are retired. Sorry.
Would it be possible to simply leave him off the mortgage application?
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