Legal Question in Real Estate Law in California

Is it illegal for a Seller of Real Estate to require the Buyer to use their preferred lender in order to accept an offer.?

Asked on 9/23/13, 12:26 pm

2 Answers from Attorneys

Timothy McCormick Libris Solutions - Dispute Resolution Services


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Answered on 9/23/13, 12:30 pm

Anthony Roach Law Office of Anthony A. Roach

I agree with Mr. McCormick. It is not illegal. It just may be a really bad idea that limits the ability of the buyer to obtain financing and therefore limit the range of possible buyers that can submit offers on the property. So stupid? Maybe. Illegal? No.

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Answered on 9/23/13, 1:49 pm

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