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#1361686 - 03/22/10 04:22 PM changed circumstance - final inspec
ADN Offline
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Joined: Mar 2007
Posts: 222
Our bank has a situation where we quoted an appraisal fee for a purchase transaction. Appraisal was engaged and when appraiser inspected the property, construction was not complete and is now wanting to charge us another fee for a final inspection. (By the way, construction loan is not ours.) Would this situation constitute a changed circumstance and allow our lender to redisclose a GFE?

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RESPA
#1361793 - 03/22/10 05:53 PM Re: changed circumstance - final inspec ADN
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
See xiii) on page 18 of the FAQs.
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The opinions expressed are mine and they are not to be taken as legal advice.

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