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Updated almost 3 years ago,

User Stats

3
Posts
1
Votes
James Mackenzie
  • Rental Property Investor
1
Votes |
3
Posts

Commercial loan costs after not closing

James Mackenzie
  • Rental Property Investor
Posted

This is my first time dealing with a commercial loan for a property that I was going to buy. Due to the appraisal and other factors, I had to terminate the deal.

However, after a week, the bank that I was using is sending me invoices for their lawyers and other costs that they incurred when working on the deal.

I certainly wasn’t anticipating them charging me for every little thing from their end.

Is this normal practice?

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