And this works out pretty well with reality, because the cheaper houses are very hard to finance anyway, due to bank not liking small loan sizes, bank red-lining, and bank usage of “# of loans” as a limiting factor in providing credit.

I don’t what that realtor meant by that comment or perhaps maybe that is not what you meant to convey, but if a lender is not going to lend in an area because that area is considered low income, then those lenders could be fine mightily for what may appear to be redlining.

The median price of a single-family home in Santa Clara County hit seven figures for the first time last month: $1 million exactly (see redline in the chart below).

The red line at the top is the SF/S San Francisco MSA.

As a renter, I found it to be the best value while still being close to the (red line) T. 

They will typically use a commercial attorney.On my deals we have  a non-binding LOI that lays out the general terms of the deal but still there is an attorney and various terms are red lined with nuances back and forth until a PSA is negotiated.

I don't like being hamstrung by a redline I cannot go below. 

small claims is how you handle it. its common for bank apprasials to come in way under market.I had one last year on a new build in Charleston its an sfr  but it came in at 1.6 and we sold for 2.2  We just had to put in a little more equity.. so if this is a construction loan just put up more equity. or are they red lining you all together they dont like the area or asset class ?

Make sure you have what you need represented in the contact and redline areas you an issue with.

I'm very familiar with redlining.