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Category: Real Estate Law
Satisfied Customers: 16
Experience:  JustAnswer
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We applied mortgage. We were pre-approved. A few weeks later

Customer Question

We applied for a mortgage. We were pre-approved for 200k. A few weeks later they told us 165k. So we found a house and put ours up for sale. It sold in 6 days. So we went back to our mortgage Lady and said we are ready to move in. The loan we were requesting is 115k. We are in our current home at 150k now. The mortgage Lady told us that we aren't even approved now. SO MY FAMILY IS GOING TO BE HOMELESS bcz we would never of sold our home if we weren't pre-approved like she told us. Is there anything we can do? I don't think it is fair to tell someone they are pre-approved and give them it to give to the people you are buying a house from then to take it back and not approve us at all.
Submitted: 4 months ago.
Category: Real Estate Law
Expert:  JustAnswer replied 4 months ago.
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