Open Question: The Bank backed out on us!?
By Carleton on May 2, 2009 in Real Estate Investing Questions
We put down earnest money. We are pre-approved. Were told by my agent we got the house.
We were so excited. Then, next day, my agent told me it was taken back by the bank because of legal issues. What the heck? They approved our offer, then take it back. Can anyone give me some reasons why this would happen.
