by Disappointed Home Buyer
(USA)
Can you please define mortgage approval? I was all set to close on a deal of a house but to my surprise I was denied because there were not enough comparable properties. They needed to find 3 similar homes that was sold in the last 12 months.
My question is how will they ever find comparable homes if they don't sell to someone.
I was so disappointed. Could not understand this situation.
Thank you for listening.


Realtor | Lender | Inspector | Appraiser | Title | Insurance | Escrow
Home Buying Scorecard
We're getting a facelift! Please bear with me! The content is identical so continue to browse. I'm working as fast as I can to finish up!
Your friend,
Kate Ford
Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate.
Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here.
Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.
Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience.
Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.
FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.
PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?
ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.
Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.
Website Answers by Kate - Yes... Readers even ask Kate how to build a website.