Chase mortgage deposits are non-refundable but not disclosed as such
Chase requires a $650 good faith deposit before processing mortgage applications but does not disclose it is non-refundable if the applicant withdraws. The process also includes undisclosed escrow omissions and serial documentation requests that delay approval. Mortgage applicants face significant information asymmetry at a high-stakes financial decision point.
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Similar Problems
surfaced semanticallyMortgage lender refuses to refund $500 good-faith deposit after denying loan
Lender collected a $500 application deposit, denied the loan hours later, then stalled on issuing the refund for weeks while ignoring follow-up calls.
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Bank HELOC rate discount promised but never applied
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Problem descriptions, scores, analysis, and solution blueprints may be updated as new community data becomes available.