can the bank go back on funding loan after 3 day window?

Asked by raquelv, Brea, CA Thu Apr 18, 2013

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Ingrid Ski R…, Agent, Mission Viejo, CA
Thu Apr 18, 2013
The bank can go back on a loan anytime. They would just figure out some excuse.. Once the loan is funded and recorded that would be hard to do at that point. I have had a client who had the bank want to change the contract after the loan was funded and recorded. They did come to a compromise and re did the loan.


Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com
0 votes
Dean, , Newport Beach, CA
Thu Apr 18, 2013
Raquel
You have a 3 day rescission period for your protection, however, my interpretation of the banks position is that they will never fund a loan if they feel there is an issue with the loan. They will try to resolve , however will never fund a loan that they know may not sell. Hope that helps
0 votes
I appreciate the information.
thank you!
Flag Thu Apr 18, 2013
Thom Colby, Agent, Irvine, CA
Thu Apr 18, 2013
Yes, under certain circumstances.
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