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Updated about 6 years ago on . Most recent reply

User Stats

529
Posts
414
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Will G.
  • Rental Property Investor
  • Maryville, Tn
414
Votes |
529
Posts

how to get denied financing?

Will G.
  • Rental Property Investor
  • Maryville, Tn
Posted

hey all, I started a purchase back before c.v. on a multifam and got a preliminary approval for financing, but now i am looking at 30-40% lower income for the next several months at least and at this point am just not wanting to acquire more units (4) especially with 2 of them empty. What can I do to get the lender to deny the financing, as my situation has changed significantly, and allow me to get out of the purchase contract without incurring legal action for default? There is no force majeur contingencies in the sale contract btw   

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