Hedge funder Scott Bommer, of SAB Capital, is in contract to sell three Lily Pond Lane properties in the Hamptons for $110 million in an off-market deal, The Post has learned.
A pre approval is based on the documentation the borrower supplies at the time of application, and any actual eligibility to receive the pre approved loan depends on the terms and conditions of the pre approval and ability to secure the loan before the pre approval expires.
Confidence votes 51.8K. Pre approved just means the bank will finance the loan if you meet their requirements. Doesn't mean you will for sure get the loan, it just means, show them the car that you want, and see if you qualify.