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Can a borrower cancel the refinance process due to a low appraisal

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Old 09-05-2008, 04:48 AM
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Default Can a borrower cancel the refinance process due to a low appraisal

We were doing a refinance with a cash out and the appraisal came in too low to get the amount of cash that we needed. Are we obligated to continue with the transaction?

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appraisal, borrower, cancel, due, low, process, refinance


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