Asked by Kirk Doyle, 21236 • Tue Dec 9, 2008
Is it common for a seller's agent to request a financial information sheet with an offer? We provided a prequalification letter with the offer that stated our lender approved us, IN UNDERWRITING, for the specific house for the amount that we were willing to offer. Now the seller gets to run my credit?? Doesn't that take away some of my leverage? I know how much I can afford, but if the seller sees that, on paper, I can afford what my lender was willing to give me (way too much in my eyes), they may think that I can afford to negotiate more. I know it is my option to accept or deny the counter, but since I cant find out how how they owe on the house, they should not be able to know how much I can afford.
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