LOE for unemployment…how to describe getting fired?

LOE for unemployment…how to describe getting fired?LOE for unemployment…how to describe getting fired?
Terrykiz asked 4 years ago

I recently relocated my family and we are applying for a mortgage on a house in our new location.  Old house is sold and closed so there are no contingencies in question.  The reason we relocated was I was terminated with severance from my old job after an IT project ran awry and deadlines were missed.  New position is generally the same field, more money, and MUCH better location for us and our kids, however due to timing, I had 2 months of not working until the new budget year.  Underwriter is asking for an LOE explaning gap in employment, and while I don’t necessarily want to write “I was fired” I also don’t want to mislead.  Any suggestions on wording an unemployment-related LOE when involuntary termination was the case?

 

Thanks!

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