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I have a question about a refinance that didnt got thru – please read – its a question about the appraisal.?

Back in October we tried refinancing our house and it was a fiasco from day one with the lender we were trying to go thru. Well finally in December we got a closing date scheduled. We were locked in on a rate and had a excellent faith estimate and everything. We got to the lawyer's office for the closing and nothing was right. The rate was .50 more than we were locked in at. The closing costs were 00.00. We were supposed to be getting some money back to pay off some bills and that had dwindled down to 0. So we refused to sign the papers. Also the finance person we were dealing with had told us since we had went thru her to buy the house and were refinancing thru with her 1 year later that she would take some of her fees off and she didnt, they were on the paperwork we were about to sign. They called her and she refused to take them off. So we refused to sign papers. Needless to say we are currently about to refinance with another company and our FHA case # is still assigned to them. We have been trying to get them to release it so that we can go thru with our refinance. We are suppose to close next week. They keep telling us its going to be released and the next day it isnt. So my husband called back this morning and talked to the manager who tells him since we didnt sign papers back in December we have to pay for 1/2 of the appraisal. Is this right? Can they make us do that? Its an appraisal that is completely useless to us. We are doing a streamline refinance with our mortgage company and an appraisal is not needed. I looked thru some of the documents that we had signed with the other company back in December and I didnt see anything stating we would be liable for any fees. Please help!!


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This entry was posted on Sunday, June 21st, 2009 at 2:25 pm and is filed under FHA Refinance Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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