Refund of Appraisal

I had a loan going with a loan co. and at the last minute they tried to change me to a higher rate of interest. I paid for a appraisal based on the 5% rate. What can i do to recieve my money back or report this co. I still have not receive my appraisal that i paid for. This co will not return any of my calls or hardly ever answer phones. What can i do to get my money back. Or what should be my next step.

Dear Blogger,

I am sorry to hear about your situation. The key verbiage here is "I paid for the appraisal based on a 5% rate". Actually, to get technical, you paid for the appraisal to get a value on your home. You may have agreed to go forward with the appraisal based on your belief that you had a locked interest rate of 5%. If you believe this to be the case and that your lender/broker "baited and switched" you, you should gather up your supporting documents and fax them to the lender/broker, along with the letter that you are sending to the regulatory agency that oversees them in your state. I will gamble that they will call you.

Either way, if you paid for the appraisal, you should be able to get a copy of it.

MortgageMaster