Sue the Bank for Negligence?

[Ericka G.]

Has anyone here ever sued a bank for incompetence? A local bank here epically messed up a deal for me but I was able to salvage it (had to come up with an extra $10-15k in a day) and still closed, but their negligence did almost cost me a great deal...I was pissed but let it slide - just won’t use them again. Fast forward to yesterday, I’m talking to a dear friend who is buying her first investment property with her husband and the deal fell through epically. The bank messed up royally. She is now out her earnest money, inspection $, etc and has lost a great deal. We are shocked to discover it is the same bank and broker who almost ruined my deal! She is appealing to the seller to get her earnest $ back since it was definitely a bank error, but I doubt she will. Is there any way to sue the bank in a situation where their negligence is the reason for the failed deal?

[Russell Brazil]

This is why it is important to use a good lender.  Everyone is out there shopping for the lowest rates and lowest fees and gives no thought to the quality of the lender.  I cant tell you how many times my clients use a lender of their choosing because they have a lower rate than the lenders I recommend....then their lender does something to screw up and we need to switch to the lender I recommended in the first place to save the transaction.