Home Buying in 33584>Question Details

Travis, Home Buyer in Tampa, FL

can i get my deposit back if i never get approved and only was pre-qualified?

Asked by Travis, Tampa, FL Thu Mar 26, 2009

Help the community by answering this question:


If you tried to get approved and was denied and you are within your financing contigency timelines you should. The best thing to do is talk to your agent that is representing you.
1 vote Thank Flag Link Thu Mar 26, 2009

You need to read what the financing contigency clause reads in your contract. How many days did it allow for you to get approved for the loan? If you are within the timelines then you should be able to get escrow back. the other questions are was it a new builder? or was it a short sale??

Can't your buyer's agent work this out for you??

Yours to count on,
Mark Zabilowicz
1 vote Thank Flag Link Thu Mar 26, 2009
Difficult to state ask your buyers agent assist with all required documents.

Performance of buyer and seller governed by executed sales contract.

~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer
Web Reference: http://www.lynn911.com
1 vote Thank Flag Link Thu Mar 26, 2009
Depends on your contract - if you are still within your financing timelines - then yes. Send the agent your denial letter ASAP. If you are not within your financing timelines it will be difficult if you can. Good-luck.
1 vote Thank Flag Link Thu Mar 26, 2009
Florida statute and chapter 3 of the contract provide that if you do not get a loan... the contract is void and null.
Same chapter provide all terms and time frame, check it out, if they're current, in one word: Absolutely!
Web Reference: http://www.hothomespot.com/
0 votes Thank Flag Link Tue Jun 9, 2009
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