Not if your contract has a mortgage contingency clause and the reason you can't get a mortgage is reasonable. This normally entails the buyer making a diligent application and giving proper notice of the reason for not getting the mortgage. For more information on purchasing a home in Staten Island contact Steven Decker, Staten Island real estate lawyer .
718.979.4300
800.310.5520

If I can't get a mortgage do I lose my contract deposit?

 

A: Not if your contract has a mortgage contingency clause and the reason you can't get a mortgage is reasonable.  This normally entails the buyer making a diligent application and giving proper notice of the reason for not getting the mortgage. 

For more information on purchasing a home in Staten Island contact Steven Decker, Staten Island real estate lawyer.




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Decker, Decker, Dito & Internicola
1610 Richmond Road
Staten Island, NY 10304
Phone: 718.979.4300
Fax: (718) 351-3514
Toll Free: 800.310.5520
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