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Reply to "Ethical obligation: should company verify employment for mortgage if employee will be laid off in near future?"
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[quote=Anonymous]If I was an employee I would be doing my due diligence about the health of my company and job before buying. But most companies will not do more than confirm employment. They don’t owe anyone more than that. It is on both bank and employee to figure out the rest, and for good reason. Many times we have planned to terminate an employee and those plans have changed before we actually did it (such as a different employee left so we could shift that employer to cover some of that work, etc.). The employee would never know they were being considered for termination. I’ve put together termination packets before that didn’t end up being used. [/quote]
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