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Real Estate
Reply to "Love letter to seller?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we sold to a letter writer over a higher offer though the higher offer was for less than 2%. Similar background so we sympathized. Prob would not have taken 10% less but we even countered and told them what they needed to meet to be acceptably under the higher offer. They'd lost two houses before. Sometimes it's really great to be able to look beyond just money if you can...so, yeah, give it a shot![/quote] This makes me wonder how close to the line of Fair Housing Act violations people can get if they go with the letter, see people of similar backgrounds as the most (maybe only) desirable replacements. Not to criticize you PP but do you recognize the risk?[/quote] What? It isn't a fair housing violation to accept an offer, even it is lower, in these circumstances. Individual sellers of single-family residences are not subject to fair housing anyway. It might be unethical, and the broker may need to resign (although they will still get paid) but this isn't even close to illegal.[/quote] Are you sure? Here is the FAQ on the HUD website: http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/FHLaws/yourrights states: "2.)What Is Prohibited? In the Sale and Rental of Housing: No one may take any of the following actions based on race, color, national origin, religion, sex, familial status or handicap: Refuse to rent or sell housing Refuse to negotiate for housing Make housing unavailable Deny a dwelling [b]Set different terms, conditions or privileges for sale or rental of a dwelling[/b] Provide different housing services or facilities Falsely deny that housing is available for inspection, sale, or rental For profit, persuade owners to sell or rent (blockbusting) or Deny anyone access to or membership in a facility or service (such as a multiple listing service) related to the sale or rental of housing." Emphasis added. I think some letters could impact this one bolded above. Not entirely sure, but sales of homes are not exempt from the FHA. [/quote]
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