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.
That prefix is there for a reason. Loan pre-approval is not loan approval. Youâll have more hurdles to clear before a lender legally commits to funding your home loan. Buyers who donât know any better can inadvertently add obstacles to that path â or even kill the entire deal â between contract and closing day.