Financing in Los Angeles>Question Details

ehuezo2004, Home Buyer in Los Angeles, CA

LOAN HAS NOT BEEN APPROVE

Asked by ehuezo2004, Los Angeles, CA Tue Apr 9, 2013

SHOULD I SIGN CONTINGENCIES OR WHAT ARE MY OTHER OPTION I WANNA PROTECT MY DEPOSIT? WHATS THE BEST WAY TO GO.

Help the community by answering this question:

Answers

2
Before releasing contingencies, I would find out why your lender hasn't given you the warm and fuzzies. In over 20 years, I have NEVER had a client who lost their EMD. I would speak to your Lender and find out how much longer it will be in order to get a solid answer and in the meantime, have your Realtor request an extension of the loan contingency. You might consider offering an increased deposit to show good faith. Remember, everything is negotiable. Lastly, as my Compadre below offered, please get a 2nd opinion to see whether your loan is doable or not. There are some really good LOs in this site. Check out their Profile and see for yourself what their credentials are.

Best of Luck!
Web Reference: http://www.AFN-Loans.com
0 votes Thank Flag Link Sun May 5, 2013
I read your other post about being declined. You need a second opinion on your FHA loan as I believe it can be closed. Contact me if you would like me to take a look for you.
Web Reference: http://TripointMortgage.Net
0 votes Thank Flag Link Tue Apr 9, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer