Thank you for the quick answer Scott. Please understand that I already had a pre-approval letter submitted with my bid. The listing agent contacted my agent to see if we were still interested with the condition that we get another pre-approval letter from the preferred lender. As a side note this property was in back up status at the time.

unfortanately it happens, a buyer really needs to have a pre approval letter on file and include it with all offers, you need to go the extra step from from just being prequalified which isnt worth the paper its written on to get the pre approval, submit an application, turn in your pay stubs and banks statements so next time you are ready when its time to put in an offer. as well you should have a buyer broker that can assist you with purchasing so you dont get pushed around.