What happens if a loan rejection happens after the option period is up and an offer is already made? I heard FHA loans can take anywhere from 1 to 6 weeks to approve. If our option period is 10 days from today, and we get rejected for our loan 15 days from now, what happens? Do we just lose our earnest money and that's it? Or is it a more serious problem, as we've already made an offer because we were preapproved?
__________________
keyword research ~ keyword tool ~ keyword tracking ~ affiliate elite
loan
Hi
Where I live the earnest money (deposit) would be returned if you are unable to get financing.
What does your contract say?
Harry
Where I live the earnest money (deposit) would be returned if you are unable to get financing.
What does your contract say?
Harry
Aside from the roof leak, soft floors, rats, mice and bursted plumbing ........ how do you like it?
