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Updated almost 6 years ago on . Most recent reply

James O.'s profile image
James O.'s profile image
James O.
  • Real Estate Agent
  • from Chicago, IL
  • Member since Oct 13, 2016

User Stats

18
Posts
11
Votes
James O.'s profile image
James O.'s profile image
James O.
  • Real Estate Agent
  • from Chicago, IL
  • Member since Oct 13, 2016
James O.
  • Real Estate Agent
  • Chicago, IL
11
Votes |
18
Posts
Buying & Selling Real Estate

Lender orders appraisal and I back out of contract. Do I owe?

James O.
  • Real Estate Agent
  • Chicago, IL
Posted

I am in contract and I ordered an inspection and lender ordered appraisal. The inspection revealed some serious issues and I want to back out. I am wondering if I am on the hook for the appraisal cost since the lender ordered it?

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