Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
When investing in a house, mortgage costs can make a huge difference in budget. The buyers could have been shopping around or received a last minute deal from another lender. They could have also, lost there approval, typically lenders will require another credit check after 30 days of lag time or right before the closing. Your Real Estate Agent should be able to obtain more details as to why the contract was not "able" to close on time. The attorneys should be in communication with each other and as an agent I would request a Commitment letter or "Pre-Approval Letter" from the new bank of choice. This will confirm that they are still able.The Pre-Approval letter should have been received with the contract and updated if more then 30 days had passed without closing.I would not extend the deadline until I receive confirmation.Best Regards,Josh Garcia
There is a reason why, and hopefully your agent is able to get a bit moreinformation as to why- This has happen in the past with buyers, switching lenders, but never close to closing, the discovery happened earlier and the buyer was able to switch successfully - but I do understand your concern being so close to closing.Good luck to you!
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.