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Margo Borkin, Real Estate Pro in West Bloomfield, MI
Margo Borkin answered:
Can I get my deposit back if the lender rejected the purchase agreement? It was written in the agreement that I would receive $4,000 back at closing.
It is very important to use a professional for Real Estate, we are trained in local laws and practices and know how to write agreement to protect you.

Depending on the language of t ... more
0 votes Share Flag Fri May 24, 2013 Home Buying in Calumet
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Can an offer on a house be denied because of the company you were pre-qualified for a mortgage with?
I work for B of A, and to add on to what Derek said, the reason we (and other ) banks are doing this is because there are still a lot of shady lenders out there and they want to make su ... more
0 votes Share Flag Tue May 12, 2009 Home Buying in Calumet
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
I made an offer on a house based on FHA approval. We were denied. The purchase agreement said FHA and said
if you qualify for a bank loan w/ 10% down....i guarantee you that you will qualify for the fha loan.the problem with your deal...isn't you...it is the deferred maintenance on the home. ... more
0 votes Share Flag Sat Jul 26, 2008 Home Buying in Calumet
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