Newsflash: Do I have to pay for that?

This is a question that is coming from a place of embarrassment. Namely, I’m embarrassed to ask my mortgage agent because I’m afraid of looking dumb. So I thought I would ask you slightly less judgmental folks.I’m currently in the process of buying a home. Contract is signed and we’re just moving through the financing process. I’m doing FHA. We were hoping to close by next Friday, but my mortgage agent called me yesterday to tell me the bank is requiring a second appraisal. This will push closing back a week, maybe two.My question: do I have to pay for the second appraisal?More info: the home we’re buying is owned by an investor and he flipped it. He bought it last July and has had it on the market several months. It’s in Ohio if that helps.Thanks in advance!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s