Legal Question in Real Estate Law in New Jersey
Can lenders force a borrower to pay 450 for an FHA appraisal when they applied for a conventional loan?
1 Answer from Attorneys
Your question is not clear. The Lender can require that the borrower get an appraisal when applying for a loan. The cost of the appraisal seems a bit high.
Do you have a lawyer helping you with this closing?
I am concerned that there are other charges and hidden fees that you do not know about which can be causing you even more harm that this pricey appraisal.
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