Sentences with phrase «denied earnest money»
Not exact matches
To their surprise not only their loan gets denied but also lose their earnest money deposit... MORE
https://www.clearlending.com/
Do you know anyone who lost an earnest money deposit after his / her loan was denied?
In the worst case scenario, if a loan is denied at the last minute after a buyer has already paid an earnest money deposit, this could cause the buyer to lose his deposit as well as miss out on buying the home of his or her dreams.
«The buyer was not approved for FHA financing and cancelled the contract yet is claiming FHA overrides the written contract and FHA states the earnest money must be returned to the buyer when the buyer is denied aFHA loan.