Legal Question in Real Estate Law in New York

Question about mortgage company

My husband and I want to purchase the home that we have rented for the last 2 years. We are ''pre-qualified'' for a mortgage...we filed bankruptcy in 2001 so we will be paying a higher interest rate. We got an atty. and drew up a purchase commitment contingent on the mortgage approval. Since we are prequalified, what are the chances that we will be denied when it comes right down to it? I don't want to loose my home. Thank you all


Asked on 4/20/05, 4:02 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Question about mortgage company

Presuming the bankruptcy was previously disclosed and there is no change in your annual income figures, the pre-qualification should stand. Good Luck.

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Answered on 4/25/05, 11:35 am


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