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David Oaxaca

"Texas Realtor"
  • 2 Helpful Answers
  • 7 Answers
  • 1 Blog post
Agent at Coldwell Banker de Wetter Hovious, Inc.
Experience:
Realtor for Coldwell Banker de Wetter Hovious, Inc. December 2005—present
Honesty Hardworking Experience Integrity
Specialties:
Resale
New Construction
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Certifications
& Awards:
Multi-Million Dollar Producer Team.
Interests:
Living in the Greater El Paso region allows one to truly enjoy outdoor activities. ... show more
About:
Successfully represented many buyers and sellers in todays market.
El Paso, TX Real Estate Expert.
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David Oaxaca answered:
For future reference keep in mind lenders can check credit up to the day of closing. Most contracts do have a contingency for recovering your earnest money. If you used the Texas Real Estate Commission (TREC) contract you have paragraph 4 section (2) that stipulates, contract is subject to Buyer being approved for financing and the third party financing condition addendum spells out how many days you will be given to get approval, provision allows you to pullout of the contract without losing your earnest money if you cant get financing. "Time is of the essence for this paragraph." If you fall within this time limit you should be able to recover your earnest money.

Unfortunately your investment with the appraisal and inspection cost are lost.

My advise is check your credit report for errors. Your agent should help you. - Tue Nov 10 2009, 18:19

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