What is the name of your state (only U.S. law)? WI
My lender/bank sent me a letter four days prior to closing modifying my Good Faith Estimate. He added a charge for an appraisal because he "didn't realize" he had to get one - he thought it could be waived. The original GFE didn't include it.
Is this appropriate? Does it constitute a "changed circumstance" under the new GFE rules? I didn't think you could just add things to the GFE at the last minute anymore. Nothing in the transaction changed - the lender just didn't realize he needed to get one until right before closing.
My lender/bank sent me a letter four days prior to closing modifying my Good Faith Estimate. He added a charge for an appraisal because he "didn't realize" he had to get one - he thought it could be waived. The original GFE didn't include it.
Is this appropriate? Does it constitute a "changed circumstance" under the new GFE rules? I didn't think you could just add things to the GFE at the last minute anymore. Nothing in the transaction changed - the lender just didn't realize he needed to get one until right before closing.