Not legally., What IS common is for the listing agent to require that you get 'pre-qualified' with their preferred lender. That is their way of making doubly sure that the buyer has a legitimate loan approval.
If someone actually insists, in writing that you must use their lender, report that agent to their broker as well as the California Department of Real Estate.... more
Wholly mackerel do you have a whopper with that scenario. You must speak to an attorney that specializes in foreclosures, mortgages, deceptive business practice, collusion, fraud or worse. I'm so sorry for you. There is nothing a Realtor or real estate web site such as this will be able to provide for you except more replies instructing you to seek legal counsel ASAP!!
Diane Wheatley, Broker
(909) 815-4499... more