Posted on: 07th Aug, 2011 12:54 pm
i have a contract to buy a home. was preapproved by quicken loans for a fha mortgage. after 3 weeks of the run around from them i was informed i was denied (i was told it was "a judgement call" by the underwriter) i proceded take out a home equity loan on my present home to purchace the new home but before i could get my commitment letter to the seller i was told they accepted another bid. can they do this before the commitment date?
Hi joyc,
I don't think so. I will suggest you to contact a real estate attorney and take his opinion in this regard. He will go through the whole situation and let you know what actions you should take.
I don't think so. I will suggest you to contact a real estate attorney and take his opinion in this regard. He will go through the whole situation and let you know what actions you should take.