I am so peeved at Banks. They charge us for checking, using debit cards and charging us for it, interest on loans, make money in the billions, but if they don't like the area that you want a morgage for a house, they refuse you. What gives them the right to put a curtain area of town down as low income or slum area. They are not an insurance company and if the house burned down they still get paid for it! What gives them the right to tell us whether we can buy or sell. It's not a risk to them, they get their money one way or another.
My mothers house has been on the market for a year now. Realestate tells me it's cause of the area and the banks don't want to give the people the money. What it's paid for taken care of but the area is not to their liking? What is that about. I have been taking care of my 87 year old mother so she is safe and taken care of. She put her house up for sale so she can get a chair lift and a walkin Bathtub to make life easier at my home, but beacause of greed of the banks or maybe their waiting for her to lose the house through taxes so someone can make money on a house that a widow with 2 children paid for all her life and now can't sell cause they don't aprove of the area hmmmm...please explain to me if there is an explanation...I've heard all varibles but no true answer...give it a try!