can i get my deposit back if i never get approved and only was pre-qualified?

Travis
Home Buyer
Tampa, FL

Answers (5)
Antonio
Agent
Tampa, FL

Florida statute and chapter 3 of the contract provide that if you do not get a loan... the contract is void and null.
Same chapter provide all terms and time frame, check it out, if they're current, in one word: Absolutely!

Tue Jun 9 2009, 20:12
Shonda Sauls
Agent
Jacksonville, FL

If you tried to get approved and was denied and you are within your financing contigency timelines you should. The best thing to do is talk to your agent that is representing you.

Thu Mar 26 2009, 14:54
Mark Zabilowicz
Agent
Tampa, FL

Travis,

You need to read what the financing contigency clause reads in your contract. How many days did it allow for you to get approved for the loan? If you are within the timelines then you should be able to get escrow back. the other questions are was it a new builder? or was it a short sale??

Can't your buyer's agent work this out for you??

Yours to count on,
Mark Zabilowicz
Mark@Homes4uinTampa.com

Thu Mar 26 2009, 12:59
Lynn911.com Dal...
Agent
Dallas, TX

Difficult to state ask your buyers agent assist with all required documents.

Performance of buyer and seller governed by executed sales contract.

Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer

Web Reference: http://www.lynn911.com
Thu Mar 26 2009, 12:36
Lisa Reeves
Agent
Tampa, FL
FIRST ANSWER

Depends on your contract - if you are still within your financing timelines - then yes. Send the agent your denial letter ASAP. If you are not within your financing timelines it will be difficult if you can. Good-luck.

Thu Mar 26 2009, 12:18

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 5
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback