“Love Letters” and Fair Housing Laws
3/23/2015: “Love Letters” and Fair Housing Laws: When there is a drought of supply of residential real estate inventory, some buyers look for a competitive advantage by submitting letters with the offer that attempt to appeal to non-financial seller motivation. Without a conscious strategy of asking the seller to discriminate against anyone, some of these letters are essentially asking seller to discriminate in favor of the buyer on grounds that violate fair housing laws. Learn how to reduce risk from “love letters.”