Legal Question in Real Estate Law in Massachusetts

Does an independent real estate agent (possibly also representing another client who has a similar interest in a paritcular property) have any legal authority to gain direct access and/or information, from a financial institution (that is actually representing both interested parties) regarding MY ability (and personal credit history) to qualify for a mortgage for a property?


Asked on 3/18/10, 4:56 am

1 Answer from Attorneys

Unless authorized by you in writing, a financial institutiion including a mortgage broker has no right to disclose your financial information to the real estate agent, Your authorization has to be in writing. If they did, they are subject to fines and penalties.

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Answered on 3/23/10, 8:11 am


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