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    Re: Purchasing Requirements

    Posted by Hope on 2/15/07

    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.

    Posts on this thread, including this one
  • Purchasing Requirements, 1/09/07, by Kimberly Garrison.
  • Re: Purchasing Requirements, 2/15/07, by Hope.

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