That seems fishy to me, I don't think he has reasoning. Make sure you get a full pre approval, not prequalification from this new lender, and make sure they are reputable. I would even call the lender (have your agent do it) to make sure there is going to be no issues. I am sorry to hear that, I would push to have the buyer close as soon as possible before this market hurts his chances any further. IMHO ________________________________ From: elky-bounce@xxxxxxxxxxxxx [mailto:elky-bounce@xxxxxxxxxxxxx] On Behalf Of STILLFRANKSFAULT@xxxxxxx Sent: Friday, October 16, 2009 2:42 PM To: elky@xxxxxxxxxxxxx; GPOVin@xxxxxxx; tedkoller@xxxxxxxxxxxxx; martford@xxxxxxx; joegee59@xxxxxxxxx Subject: [elky] update House update: Our buyer tells me he was getting jerked around by his mortgage bank, soooo .............. he pulled out and went to another bank. He is qualified so I don't know his reasoning. We just lost 4-5 weeks, now I'm glad we don't have a home to move to yet. I think he is taking a big gamble because he has to close by Nov. 30 to get 8,000.oo first time buyer tax break. I'm wondering what his strategy might be? I didn't see this coming. I can only think he's lying and could not secure a mortgage. Thoughts? -Staten Island Frank-