If we turn down a loan offer after it has been approved, do we have any financial/legal obligation to the lender?

Asked by Benny

1 Answer

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Answered by Caroline Gerardo, C G Barbeau in Newport Beach, CA
No obligation to close with that person or company BUT appraisals are generally not transferrable and you should have paid for appraisal non-refundable. Some FHA appraisal parts can be transferred for a fee, if they are still current. After getting to finish line why would you want to start over? | 10.27.15 @ 20:14
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$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:21
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Answered by

Caroline Gerardo
Caroline Gerardo, C G Barbeau in Newport Beach, CA