My hubby and I were not just prequalified but preapproved for a mortgage through Wells Fargo, i forgot what they called the program. Anyway, when w 1st started looking at buying we did not know it would take this long, so we went and got as close as we could to ensuring our mortgage so when we found the house it would not take as long. Now, my question is this, because my lender can't answer for some reason, has anyone had problems with their preapproval being extended or with financing fallng through after the fact due to the long short sale process? See, the origonal date of preapproval was back in my and now they are saying that it could be Jan if this house closes and our 1st house fell through. The lender did send an extention letter once but that will soon be expired too and now he says well, let's just wait and see what happens.

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As long as Your situation has not changed- no new debts, same income, no late payments, etc.-you should be fine. If it "expires" you just reapply.

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