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The mortgage didn't come down, and the real estate agent informed me to take over the property. Do you want to accept it?
The mortgage loan didn't come down, and the real estate agent informed me to repossess the property, which is totally acceptable:

Because you originally bought real estate, and you have already gone through the mortgage formalities (even paid the down payment), but the mortgage money from the bank has not yet reached the developer's account. It's none of your business. It is a good thing for developers.

Now that the developer has informed you to close the house, you can rest assured that you are ready for renovation.