in february 2013 my husband applied for and got approved for a home loan...we found a house...went through the process and are due to close May 8th.We had to pay $400 for a good faith for the appraisal...get a home inspection...Sellers have moved everything out and now they are saying deny because they say we were late with two rent payments in the last year but we provided them with the proof it wasnt late.
The 3.75% rate they gave us is locked in until May 10th. Now we are out almost $1000 on a home we cant get now...our realtor wont get paid because the deal isnt closing and well lose our earnest money of $500 too because the deal fell through.
Why would u tell someone they are approved...make them jump through hoops and provide paperwork for all kinds of stuff and then say sorry and not finalize the loan now.Now our forced to find alternatives as we have to be out of where we currently live by the end of June.
Review about: Quicken Loans Refinance.
Monetary Loss: $1500.