Unfortunately mistakes on internet sourced web sites are quite common. Information on computer generated websites such as Trulia pull data from many different places. A Real Estate Professional can monitor websites for missing and inaccurate information to have corrections made on line. A Real Estate Professional can assist both sellers and buyers in determining accurate information and true market value based on individual markets and neighborhoods relying on more accurate and up to date data.
Rose Pilkenton, Realtor
St. Paul, MN
As I read what you wrote, my interpretation is about a bank letter. A pre-approved/pre-qualified bank letter is interchangable these days and both mean your loan "request" will need to go through a lengthy bank underwriting process before you are "officially" approved for funding. At any time during the underwriting process a bank can request additional docs and/or decline a request.
The majority of bank loan requests accompanied by "bank letters" are just requests. Until a bank's underwriting department completes its financial due diligence most sellers that received bank letters from a buyer know the deal could fall through at any time. Thanks for the post and best wishes to you.... more