what's going to happen to my deposit if I can't get funded from the lender?

NEW -> Contingent Buyer Assistance Program
I

irvinedreamer_IHB

New member
I removed loan contingency 17 days after I signed on the purchase agreement when I get the loan approval from the lender. We are about to close, but bad thing is happening to my lender. If my lender can't fund due to its own financial problem, what is going to happen to my deposit? (I am dealing with the builder.) Please advise me. I am so scared.
 
[quote author="irvinedreamer" date=1224461064]I removed loan contingency 17 days after I signed on the purchase agreement when I get the loan approval from the lender. We are about to close, but bad thing is happening to my lender. If my lender can't fund due to its own financial problem, what is going to happen to my deposit? (I am dealing with the builder.) Please advise me. I am so scared.</blockquote>


Should get it back if fault of lender. Is it the builder's lender? Talk to the sales consultant (err, RE Agent) at the builder, they usually can make things happen. I was able to get my my deposit refunded because Verizon FIOS wasn't available at my future condo location.
 
You must log in or register to reply here.
Back
Top