So it looks like the bank preapproval, which can level the playing field of a buyer getting a potential mortgage versus an all cash buyer, is becoming a thing of the past. See this article in MarketWatch and The Wall Street Journal by AnnaMaria Andriotis:

http://www.marketwatch.com/story/banks-abandon-mortgage-preapprovals-2013-10-02

The big banks are still mostly doing prequalification, which isn’t in writing and is only good for ninety days. This might not make up the difference with an all cash buyer competing for the house you want.

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