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#2262254 - 11/08/21 07:01 PM Appraisal Cost Increase
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 227
Out West
Construction of home delayed by weather, and vendor increased the cost of appraisal by $100 during this time. Any possibility that this cost increase is a changed circumstance due to the construction delay?
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TRID - TILA/RESPA Integrated Disclosures Rule
#2262259 - 11/08/21 07:30 PM Re: Appraisal Cost Increase Wonderofitall
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,898
Galveston, TX
Is this for the permanent loan? Is it more than 60 days prior to closing and you included the proper clause in the Loan Estimate?
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#2262262 - 11/08/21 08:39 PM Re: Appraisal Cost Increase Wonderofitall
Wonderofitall Offline
100 Club
Wonderofitall
Joined: Sep 2010
Posts: 227
Out West
Permanent loan. Sadly, didn't include the magic words.
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#2262267 - 11/08/21 09:58 PM Re: Appraisal Cost Increase Wonderofitall
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,898
Galveston, TX
Then I do not believe that a vendor raising their prices is a valid changed circumstance.
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