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Updated over 8 years ago,

Kristine Eickman's profile image
Kristine Eickman's profile image
Kristine Eickman
  • Investor
  • from Minneapolis, Minnesota
  • Member since Jul 24, 2011
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User Stats

84
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30
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Kristine Eickman's profile image
Kristine Eickman's profile image
Kristine Eickman
  • Investor
  • from Minneapolis, Minnesota
  • Member since Jul 24, 2011
Connect
Kristine Eickman
  • Investor
  • Minneapolis, MN
30
Votes |
84
Posts
Private Lending & Conventional Mortgage Advice

If you deny borrower...

Kristine Eickman
  • Investor
  • Minneapolis, MN
Posted

This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a denial letter, is it the same in this situation? If the buyer now wants to terminate the contract stating they could not get funding, how do they prove that?

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