Posted by John on April 06, 2006 at 08:51:31:
It would depend on the wording of the contract.
You really picked 2 mortgage brokers that are very inemept, most brokers would have approval in 2 days and close in 30 or less.
earnest money, mortgage broker delay - Posted by cshadix
Posted by cshadix on April 05, 2006 at 22:16:47:
If a buyer goes through two mortgage brokers each taking 5 months to just get a good faith estimate and the estimate is not acceptable by the buyer, and the contract for purchase expired 6 months earlier and was never renewed, is the buyer entitled to get his earnest money back?? and is there anything to be done about a mortgage broker taking so long to finance and not giving a reason?
Re: earnest money, mortgage broker delay - Posted by Natalie-VA
Posted by Natalie-VA on April 07, 2006 at 19:37:44:
The more important question is why should the Seller bear the expense of the Buyer’s poor choices?
–Natalie