Originally Posted by Snake Doctor

Not to defend these people or what they did, because my philosophy is caveat emptor......BUT.....I will say that it's very hard to walk away from a closing table.

You spend months trying to find the right house, you pay out of pocket to have inspections done, appraisals done, all sorts of shit like that.....if it's not your first house then you've already sold the house where you were living.....if it is your first house you've already given the landlord notice and he's likely already rented the place to someone else.....so if you walk away because the broker changed the terms on you at the last minute (that happened to me once) you're out all of the money you've paid already, plus you have nowhere to go and need to find a place ASAP.

In cases like these the brokers/lenders are at least partially at fault.