Escrow Deposit Refund?

[netfocus]

Thank you for your answers and help.

 

[justalayman]

no. So far you have an initial approval and if you fail to formally apply for the mortgage loan, you do not have a right to rescind the contract an will be subject to whatever penalties the contract calls for for a breach of contract.

 

[netfocus]

Thanks for the reply.

 

[HomeGuru]

I guess I missed the original post.