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Old 07-18-2008, 04:38 AM
Hyacinth Bucket Hyacinth Bucket is offline
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Default Pre approval for a mortgage

Hi can anyone help me.

I am not familiar with the banking regulations in Florida, if I am pre-approved for a mortgage, put money down on a house based on my pre approval - can the pre approval be revoked?

Second part of the question - if the pre approval is revoked, and I can not get my mortgage, will the monies I put down on a house in TV (based on my pre approval for a mortgage) be returned to me?

HB