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To: Shoot1st who wrote (63)	2/19/2001 10:56:25 PM
From: Ilaine	Read Replies (1) \| Respond to of 6901

Can't you avoid these games by being pre-approved for the loan when you are house shopping? When we were house hunting the market was so favorable to sellers that they wouldn't even consider a contract unless you were pre-approved, and the agents wanted a copy of the approval and would confirm it with the lender. One mistake we made was not realizing that the locked in rate was only good until we had a contract - we backed out of one contract and then we lost the lock in rate as a result. Maybe we got screwed. But the house really had problems, there were modifications done that were not up to code and it would have cost a lot of money to remedy the situation.