When Can The Earnest Money Deposit Be Refunded?

Posted by Krista Sabol on Nov 15, 2011 in Operations, Origination, Processing, Underwriting October 18th, 2011 by Alice Alvey, CMB Realtors and sellers constantly struggle with trying to identify if a pre-approval letter is worth the paper it is written on. The costs and delays associated with accepting an offer from an unqualified or marginal buyer can be significant. Even a good loan originator can have a problem when buyers change their financial condition during processing or...
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