Vent: My lender pulled out of a deal in Phoenix last minute

We were set to close on a small strip mall last Thursday, and the bank called on Wednesday saying their internal policy changed. This was after three months of due diligence. Has anyone else had a lender back out right before closing and how did you recover?

3 comments

3 Comments

jana_miller311mo ago

Phoenix zoning laws ever cause that?

aaronf401mo ago

The zoning board here is a special kind of stubborn.

grayperez20d ago

It's the same petty power trip you see in every local committee.