Bank has not done appraisal yet, due diligence ends in 1 day.Do they have any obligation to reimburse us 4 money lost?

NO. You are responsible to get the due diligence done in a timely manner. In many parts of the country, appraisals are backed up pretty significantly. But neither your lender, nor the appraiser would be responsible for any funds you lose if your earnest money deposit is lost because you did not act to cancel and the appraisal comes in low after that fact. Work with your Real Estate Agent to see about getting the Appraisal portion of the due diligence extended. He/She should be on top of this for you so you don't risk losing your money. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Due diligence and commitment dates always amaze me. Real Estate Agents generally without any input from the lender pick an arbitrary date that everyone else is supposed to magically conform to. For example, I just received a purchase agreement that list a closing date in two weeks. There is zero chance of me even having the appraisal by then with how busy the mortgage worlds is right now, let alone close. Those items are outside our control, and we have zero responsibility for not making those dates.