Urgent help with financing questions needed

[Olga Daisel]

Folks, I am desperate, ok, almost desperate. 2 months ago I went under contract that is not contingent of financing. I told the seller I will pull mortgage. Now... you know what happen during those 2 months, the market went up and up. The seller got 75k offer higher than mine. He basically sabotaged the appraiser saying there are 2 illegal units in the house. Holy cow. The lender took down the mortgage. Now I will be closing with enormous amount of cash, which I theoretically need for other purposes, i.e. looking to buy more RE. Feel my pain...

How do you folks do cash out refi? Am I a lost case? Or I can pull equity out still? How fast? Please help. I feel sky have fallen on me, especially that I sent out 2 more offers that now I can not afford.