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Old 04-29-2008, 07:12 AM   #22 (permalink)
imacamper
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Re: Is JP Morgan Chase Bluffing?

Update -

We had several offers and went round and round. Finally there was one from a buyer with a pre-approved loan and we were in contract in the beginning of April. Banks said it must close by Apr. 29th. Fine. Everything was looking good!

But then at the 11th hour, the buyer's lender changed its mind and would not approve the buyer under the original pre-approved amount with 5% down. Now the lender wanted 20% down and the buyer did not have the cash.

So here we go again... The roller coaster ride continues.

Cheers,

Ima

P.S. I did finally see the acceptance letter from Chase and had an attorney review it. My attorney said that it was complete forgiveness. Now all I need is a buyer that can get a loan.

Last edited by imacamper; 04-29-2008 at 07:14 AM..
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