"I have good news and bad news. Good news is that the Bank approved you for a loan! Bad news is the Bank did not approve the house for a loan."
I guess the guy trying to sell the house does not own the house. How it got through so far without us knowing about this is weird. I guess the title has shifted hands a few times and it looks a like a fraud so the bank wont touch it with a ten foot pole.
So I lost $8,000 yesterday and am back on the hunt.
Good news is we might get $1000 in earnest money cause they have to back out of the contract!
Ok, I lost out on $8,000 due to missing the tax credit. It was never mine but it could have been...
2 comments:
That's too bad. But how is it possible for you to loose any money at all if they had to back out of the deal? That doesn't make sense.
Bummer dude. Glad that they figured out there was a problem early enough and you didn't get really stuck in the middle of something nasty.
Post a Comment