Legal Question in Real Estate Law in Virginia

Can I be forced to finace through a certain company?

I was inquiring about a house that is a repo, the people told me that if I got the whole amount of money it would be mine. Well I got approved for financing and then called and was told that they wouldn't be able to hole the property for me unless I financed through them. (with a higher interest rate) I asked if I could get some kind of contract or offer to purchase and they said no, we'll take care of it. I haven't gave them any money yet, but I want to know if this is legal, can they tell me that they won't sell me the house unless I go through them and not my bank?


Asked on 6/14/06, 9:03 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Can I be forced to finace through a certain company?

If that's part of the purchase agreement, yes, they can.

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Answered on 6/14/06, 10:12 pm


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