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Ted is right, if you never actually applied includng signing loan documents, you should not be charged for the appraisal. Sounds like someone jumped the gun. Was the lender affiliated with the Realtor? They would not normally be involved in the process and should not have any way to “charge” you for the appraisal. Maybe they are tryin got help out the mortgage officer who should have checked with you before ordering the appraisal.
On the other hand, if you gave them reason to believe that you were moving forward with purchase of the home they may have moved ahead in good faith. Check with a local attorney who is knowledgable about real estate.
If you never signed a loan package, including the Good Faith Estimate, Truth in Lending, loan application, etc, you should not be responsible for any appraisal fees. A little curious as to how “the realtor” could be charging you for an appraisal fee…..lenders, not realtors order appraisals.
I was only pre-qualified for a loan when I signed a contract for a house, lost my $1,000 down payment after cancelling the contract due to a financial issue, yet now my realtor is charging me an extra $875.00 for appraisal cost. Will I still be responsible for the appraisal cost if I never signed a loan contract with a broker?
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