Anyone with experience with buying houses and mortgages, our house was under contract for the last 2 months. We’ve been packing our house to move out this weekend for the closing on the 9th. We’ve spent $2,000 in repairs (I know it could be worse) just to find out that the people buying the house didn’t get approved for the mortgage? Did someone fuck up somewhere in this process? How do you put an offer in and demand thousands of dollars in repairs when you aren’t approved for the mortgage?!
Unfortunately that’s just how it is. It’s not approved until the day it closes. Although, we knew ahead of time how much we would be approved for in terms of a loan for the house. However, during our closing time (it was about a month) if for any reason something had fallen through if we’d put money into the house it’s shit out of luck.