If the buyer has already by approval by another lender, is it legal to require a buyer to be pre approved by the bank which owns the property.

Hello s:

Nothing is illegal about it, but it doesn't make any sense to require it. He's not going to finance through the bank which owns the property. He's going to finance through another lender.

excon

Actually no it should not be legal for this bank to require them to apply for credit at their bank if they have their own sourse.

A seller of real estate can not require you to borrow money from a certain sourse ( a certain lender)