No they are not! But read you’re fine-print.
But it is some what interesting as to why the deal fell through as the preverbal grape vine may see development in the area making the property, A Sellers Market with in the next five years.
Try along this line in speaking (nicely of course), to some one at the Bank.
Explain your loss in the deal and see what they can do.
Keep in mind: Time is More then Matter in the Properties Business, so stick to issues that concern your time loss and make minimal your money loss.
Just a hunch.

Liz Steele

M
I would talk with a supervisor at the bank.
I would also talk with another lender, perhaps FHA.
What does your Realtor say?

There appears to be more going on here than we really know. You need to get to the truth.

Do yourself a favor and direct your question to your attorney asap.

Anna