What is the name of your state?What is the name of your state? Florida
This is an interesting situtaion...
I'm looking at building a new house in a new development.
The RE agent representing the builder presented me with a
Contract For Sale And Purchase.
Reading the terms they state that:
1) I have to be pre-approved for financing...NO PROBLEM
2) It states that I MAY NOT CHANGE Lenders from the Lender
providing the pre-approval submitted with the Contract.
HUH?!?!?!
Oh and BTW, their "Approved" Lender accepts a $2,000 Seller
concession.
Is it LEGAL in the State Of Florida for a RE agent representing
a Builder to prohibit a Buyer from using the Lender of their
choice which may be different than the Lender used for the
Pre-Approval?
Thanks!
This is an interesting situtaion...
I'm looking at building a new house in a new development.
The RE agent representing the builder presented me with a
Contract For Sale And Purchase.
Reading the terms they state that:
1) I have to be pre-approved for financing...NO PROBLEM
2) It states that I MAY NOT CHANGE Lenders from the Lender
providing the pre-approval submitted with the Contract.
HUH?!?!?!
Oh and BTW, their "Approved" Lender accepts a $2,000 Seller
concession.
Is it LEGAL in the State Of Florida for a RE agent representing
a Builder to prohibit a Buyer from using the Lender of their
choice which may be different than the Lender used for the
Pre-Approval?
Thanks!