What happens if pre-construction buyer can't get financing at final closing?

ASHBURN, VA

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What happens if pre-construction buyer can't get financing at final closing?

Anyone have some insight here? I understand buyers need to show a mortgage pre-approval with their deposit, but that is not a full credit approval. What happens if they can't get mortgage funding to close? Can they sell? Can the developer sell? What happens to their deposit?

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What happens if pre-construction buyer can't get financing at final closing?

www.buzzbuzzhome.com/chat/general-chit-chat/1044/what-happens-if-preconstruction-buyer-cant-get-financing-at-final-closing Anyone have some insight here? I understand buyers need to show a mortgage pre-approval with their deposit, but that is not a full credit approval. What happens if they can't get mortgage funding to

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What happens if pre-construction buyer can't get financing at final closing?

www.buzzbuzzhome.com/chat/general-chit-chat/1044/what-happens-if-preconstruction-buyer-cant-get-financing-at-final-closing

Anyone have some insight here? I understand buyers need to show a mortgage pre-approval with their deposit, but that is not a full credit approval. What happens if they can't get mortgage funding to