Asked by Ms.Lopez, Los Angeles, CA • Mon May 14, 2012
I am currently in Escrow, and 2 weeks past what was supposed to be a 30 day escrow, and cannot close my loan. Can I try to get a loan approval through another lender, without risking losing my deposit? If so, what would happen if I cannot get another lender to approve me. What would I need to do, and what would happen to all the money I have invested? (Home inspection, appraisal, deposit).
I havenâ€™t removed any of my contingencies (including the home loan), and as far as the seller he is giving me as much time as I need to get my loan closed, since he doesn't want to put the house back on the market.
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