Quote:
Originally Posted by Table 5
For those in the real estate, I have a question that hopefully someone can answer.
When i purchased a condo 2 years ago, I was tentatively approved for a mortage by a bank (but since they only guaranteed it for 3 months, it long expired). This time around, with the current tricky financial situation, I'm not sure I would be so easily approved. If I don't get approved, can I walk away from my condo without having to pay any sort of penality? Or do they keep my down-payment?
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Can you provide more information? - I am a bit confused about what you are asking.