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Updated over 10 years ago on . Most recent reply

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166
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Edward Stephens
  • Realtor and Investor
  • Leawood, KS
78
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166
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Must Use Seller's Lender?

Edward Stephens
  • Realtor and Investor
  • Leawood, KS
Posted

Dear BP Family,

  I offered full price on a duplex that was for sale, and the seller countered offered, saying she wanted me to use her lender.

  I just got off the phone with my lender and told him what happened - he said that's illegal.  Is it illegal?  It sounds like the sort of thing that might violate fair housing laws.

Thanks in advance!

Most Popular Reply

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130
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30
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Laurie Johnson
  • Real Estate Broker
  • Jacksonville, FL
30
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130
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Laurie Johnson
  • Real Estate Broker
  • Jacksonville, FL
Replied

Yes that is illegal. No one can make you use their lender and any lender that participates in that should be reported.

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