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