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What would happen to the checkable deposits if banks purchase securities using reserves only and are not making loans?

well they will die


What happens when your purchase a car and the auto loan does not go through after you have the car of 3 weeks?

Same thing happen to me. You have to retun the vehicle or find a loan from another company.


Is it possible to purchase a house for less than the amount you were pre-approved for?

Yes, it is possible to purchase a house for less than the amount you were pre-approved for. This can happen if you find a property that is priced lower than your pre-approval amount or if you decide to make a smaller down payment.


What happens if the bankruptcy is denied and you have no equity in your home but am current in payments?

What happens to what? Your debts are still owed, including the mortgage(s). If you are not in foreclosure and are current in your payments, nothing will happen to your home. You will start getting sued (or getting hauled into court to collect on existing judgments) and eventually will get attachments on your home and/or on your wages if garnishment is allowed in your state for consumer debts.You may be able to refile, maybe after some period of time. Ask your bankruptcy lawyer or get one.


Can you repurchase your own home after discharged in bankruptcy?

Theoretically and technically yes. In practice, it's very unlikely to actually happen; the point of bankruptcy is that you liquidate your assets except for a small "exempt" amount and use the proceeds to partially satisfy your creditors. You shouldn't have enough left over afterwards to use to purchase a home.