Then, had my attorney evaluate them and put everything in “red lines” to match my state’s requirements.

There are much larger issues that need to be addressed — from redlining and steering, wealth inequality, access to down payment funds, and diversity in our industry — that would drive lasting change and move us towards equality.

It just depends on if you need to be closer to Brown/Red lines or if Blue might work.

They also red-line areas, whether they call it that or not, and won't lend at all on SFRs in C areas, even if they are still nominally willing to do SFR lending.They make far more money concentrating on doing conventional OO mortgages, which can be re-sold for very sizable fees (yield premiums) to Fannie and other investors.And the Fed's zero-rate policy is making it very easy for them to make piles of cash in ways that are a lot less work.

None the less reading a couple might start to help you understand some of the topics the contract deals with.In many cases, if the seller is institutional in nature, they will provide a contract to you which they desire to use and some times that is open for red line.

You'll find out if lenders are effectively red-lining this area or this property type.I'd try to lock it up on a low cash offer with time to do thorough inspections.

I was unlucky enough to have both appraisal companies have policies against using comps West of Genesee St (180ft away).Appraiser comp: July 2013 .55 mi NE, $36k cash sale in a part of town with higher crime.West Comp: 3/31/14 under .2 mi W sold for $90kWhen asked about redlining, they say houses to the west are not considered comparable sales.

Hi BP,I may have found a potential wholesale deal if I can get it under contract.ARV = $565k (based on recent sales of 4 similiar properties in Eckington/Bloomingdale DC)Estimated Rehab = $25kAsking Price = $343k3bd/1.5bath...1480 sq ft...Eckington NE DC....few blocks from red line Noma Metro StopLet me know what you think.

I may have found a potential wholesale deal if I can get it under contract.ARV = $565k (based on recent sales of 4 similiar properties within a 0.3 mile radius)Estimated Rehab = $25kAsking Price = $343k3bd/1.5bath...1480 sq ft...Eckington NE DC....few blocks from red line Noma Metro StopLet me know what you think.

They may not have any legit basis for their demand other than being able to set some rules.What this is however, if it were a person that could be defined as a lender is a form of red lining setting a class of single family properties in a category and refusing to lend on them.