Re: Purchasing Requirements

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If you signed a contract and they did not, does a
contractual agreement exist?

On 1/09/07, Kimberly Garrison wrote:
> Hello,
> I have recently made an offer to purchase a bank owned
> home that had been foreclosed on. We agreed on the
> purchase price and I signed a contract. They required
> that I submit a $500 earnest money deposit, a prequal
> letter from my mortgage lender, and a copy of my credit
> report. I complied with all of these requests. Now they
> told me that I must allow them to pull my credit before
> they will sign the contract even though they have a full
> trimerge report with scores dated yesterday from my
> mortgage company. I buy several properties every year and
> I have never heard this demand before. Can they legally
> force me to submit to another credit pull, or deny me
> purchase of this property? I am trying to keep the number
> of credit inquiries to a minimum to protect my score since
> I flip properties for a living. Any information that you
> can provide would be greatly appreciated. Thank you.