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Red Lining. Alive and Well in Real Estate.

By
Real Estate Agent with John Duffner's Real Estate Inc

An opinion of red lining in high foreclosure areas.

For complete article see:  www.venturacountyretalk.com

Dean Taylor
Coldwell Banker United - Concord, NC

Absolutely ALIVE!!! I had a bank tell me that they would not loan money on a house because of more than 5 Foreclosure within a quarter of a mile from the home. I live in a nice area and I have more than 5 Foreclosure within a .25 of a mile from me. The buyer had a 740 credit score and putting 20% down!! Go Figure!!

Dec 12, 2008 08:17 AM