What are our rights if a broker doesn’t follow through to closing?
We put a good faith deposit down,paid for the appraisal, and survey.We are approved,and have a Mortgage Loan Commitment letter.Now the broker isn’t communicating at all,and seems to not want to follow through.We have had 2 closing dates,but she always comes up with a reason it can’t be done.Can we transfer all we’ve done to this point to another broker,or mortgage company?
Thank you for any help or advice you can give us.
I am talking about the broker.This is a family owned real estate agency,so the agebt,and broker are tired into the same office.We have been put off by both the agent,and the broker.
I actually just received a call from her,telling me the loan company she submitted our info to,and approved us, is no longer financing manufactured homes.
I called and spoke directly to the loan company,and they never received any of our info,and in fact they only finance manufactered homes.So again,we were lied to by the broker.