NMLS # 6395
Financing Kentucky One Home at a Time
Please provide the name of the original lender who pulled the plug the day you were supposed to close.
OTHER BUYERS NEED TO KNOW!
In most cases, you are responsible for paying for the appraisal and inspection. Even if the bank betrayed you.
Many sellers are aware of this pattern of behavior from specific banks and require a buyer to have a plan B identifed. Thank goodness you did have a plan B. This policy not only protects the seler, but as you found out, protects the buyer also.
Who is the bank?
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Grou[
Palm Harbor, FL
I can't speak to the circumstances surrounding your situation but it sounds unusual. Especially if you received appraisals without paying the appraiser first. So the answer is it is possible that you owe the money if you didn't actually pay for them.