bill from unused lender

What is the name of your state?What is the name of your state? Washington
I am still in the process of closing my house purchase. Once my offer was accepted and repairs etc were agreed I shopped around for a better mortgage rate. I found a better rate and decided to go with this new mortgage company. I informed my original lender who had preapproved me. They offered to continue the process as a backup incase my new mortgage company might not be ready by closing date. I agreed. I have advised them today that I am still going with the better rate mortgage and now I have recieved a bill from the original mortgage company for credit report and appraisal fee. I have a couple of issues with the bill. First is that the person I was dealing with did not advise me that they would be charging me for this if I did not use their company. Second is that I have not recieved either documents. Obviously I would prefer not to pay this. Is this reasonable and defendable and how should I dispute these chages. The bill is for $261 so getting into a legal process does not seem to make sense? Thanks for any advice

[HomeGuru]

Originally Posted by mpento

What is the name of your state?What is the name of your state? Washington
I am still in the process of closing my house purchase. Once my offer was accepted and repairs etc were agreed I shopped around for a better mortgage rate. I found a better rate and decided to go with this new mortgage company. I informed my original lender who had preapproved me. They offered to continue the process as a backup incase my new mortgage company might not be ready by closing date. I agreed. I have advised them today that I am still going with the better rate mortgage and now I have recieved a bill from the original mortgage company for credit report and appraisal fee. I have a couple of issues with the bill. First is that the person I was dealing with did not advise me that they would be charging me for this if I did not use their company. Second is that I have not recieved either documents. Obviously I would prefer not to pay this. Is this reasonable and defendable and how should I dispute these chages. The bill is for $261 so getting into a legal process does not seem to make sense? Thanks for any advice

**A: pay the bill. Those expenses were hard costs related to your mortgage application. And ask for the copy of your credit report and appraisal. Request these docs in writing.

[Lorane]

What about "Truth in Lending"? Mortgage companies are to expose everything up front, full and complete disclosure. That was not done here. You asked the right questions, up front, and they did not disclose this information to you. Report this practice to the Attorney General in your state and the Better Business Bureau.

[HomeGuru]

Originally Posted by Lorane

What about "Truth in Lending"? Mortgage companies are to expose everything up front, full and complete disclosure. That was not done here. You asked the right questions, up front, and they did not disclose this information to you. Report this practice to the Attorney General in your state and the Better Business Bureau.

**A: Please explain further.

[BelizeBreeze]

Originally Posted by HomeGuru

**A: Please explain further.

Did you REALLY have to ask her to expound on her stupidity? HG, you'll be sorry.

[HomeGuru]

Originally Posted by BelizeBreeze

Did you REALLY have to ask her to expound on her stupidity? HG, you'll be sorry.

**A: Yeah but I decided to take that risk that I later may regret.