Asked by Web, Greenville, NC • Mon Sep 20, 2010
I started the process in June and by the end of August, was still not in the home. Paid $500 earnest money and $420 for appraisal. I was doing an FHA loan to get the home. We had five closing dates and finally at the last closing, I found out that the appraiser appraised the home for $65000 and the seller was asking $89900. He was agreeing to pay all closing costs because I bidded his asking price. He decided to dispute the appraisal which took a few weeks longer and so the realtor told me to start looking at other homes just in case. Well, I did and I found another home which I am in the process of purchasing now. The realtor with the first home is telling me that I have to pay the seller $620 for fees in which he paid out to have the house inspected and etc. It is because of the fact that we didn't set another closing date that I backed out. Should I be responsible for those fees?
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