Unfortunately, some of us have larger slices of the crapcake than others. I found out today I no longer have a home loan. The bank got cold feet because only 40% of the units in the complex are owned and 60% are rented They require at least 50% owned. The sucky part is that we know for a fact that the owner is selling all the units one at a time, but the bank wouldn't go for it. The bank would have to pull out after I paid for the inspection and gave the earnest money.
There's still time to find a loan from another bank. The drag is that interest rates went up this week and if I can't find a decent loan from another bank, I'm going to lose a minimum of $2K from all this. On top of that, I would still have to find a place to live in 7 weeks because our lease is up May 31st.