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Real Estate
Reply to "financial contingency in the real state contract"
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[quote=Anonymous][quote=Anonymous]There is more to ths story if the bank requires such a high downpayment[/quote] Maybe the OP was using a lender like ING Direct or USAA that only has max 80% LTV products. Or maybe they have options with that lender but there is a communication breakdown. If you apply based on 20% down and subsequently tell the bank you can't come up with the 20%, they don't automatically approve you for a different product - you have to reapply. Quite possible the loan officer might not be all that helpful in explaining different options.[/quote]
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