Asked by Anonymous
Got stuck with a loan application that went wrong .
Got prior greenlight from bankers for a property that I was looking.
Signed OTP and paid the 5%.
While submitting all the documents to banks, I was told I could not get the intended loan amount because I only started working in this new company for 7 months! Totally caught by surprise because this question was never asked previously.
I am stuck, big time.
What are the consequences if the deal could not get through within the completion date?
Help needed!!
Got prior greenlight from bankers for a property that I was looking.
Signed OTP and paid the 5%.
While submitting all the documents to banks, I was told I could not get the intended loan amount because I only started working in this new company for 7 months! Totally caught by surprise because this question was never asked previously.
I am stuck, big time.
What are the consequences if the deal could not get through within the completion date?
Help needed!!
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