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Updated almost 3 years ago,

David Roe's profile image
David Roe's profile image
David Roe
  • Flipper/Rehabber
  • from Dayton Ohio
  • Member since Jan 1, 2019
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User Stats

114
Posts
71
Votes
David Roe's profile image
David Roe's profile image
David Roe
  • Flipper/Rehabber
  • from Dayton Ohio
  • Member since Jan 1, 2019
Connect
David Roe
  • Flipper/Rehabber
  • Dayton Ohio
71
Votes |
114
Posts
Mortgage Brokers & Lenders

EMD and a Lender who failed to fund

David Roe
  • Flipper/Rehabber
  • Dayton Ohio
Posted

Question. Are lenders responsible at all with EMD of an investor who received approval of funds, the deal was approved, closing was scheduled and the lender failed to fund by the closing date. Now the seller backed out along with keeping the EMD. Is there any recourse on the lender?

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