In addition to what was mentioned below, read your "pre-approval" letter and it will state the disclaimers and conditions in order for money to be lent to you. Many will specifically state that this is not a guarantee to loan you money (or language similar to this)
Working with reputable and dependable lenders and realtors can help you avoid situations like this.
Holly, I'm a full time Realtor with Baird & Warner in LaGrange, IL. I would be happy to assist you with optaining information on Foreclosures in the LaGrange, LaGrange Park, Western Springs, area. I can be reached at 224-558-2043 or find me on my website at www.LaBelleSells.com. I look forward to hearing from you soon. Take care, Catherine... more