Is it legal for a builder to force you to use a lender of their choicegreenspun.com : LUSENET : Fair Lending : One Thread
Any info or organization that I can contact that would be able to give me info on a clause from my builder in a contract of sale - under mortgage contingency that indicates that I must apply to lender of builder's choice and also if approved must immediately go forward with commitment. This seems like a monopoly - I have excellent credit and I am not worried that I will not qualify I am only worried about why I cannot choose to go with the mortgage company of my choice ? Thanks !
-- Darlene Doubert (firstname.lastname@example.org), February 04, 2001