Sunday, 1 February 2015

bank is asking more than a homes listed price, can they do that?

Question

bank is asking more than a homes listed price, can they do that?



Answer

A Bank or anyone can ask for any price they want. You may be thinking of price gouging...but that requires a concerted effort to significantly increase prices on necessary items duirng a crisis. Example: when gas stations were charging $10.00 a gallon in the southeast after Hurrican Katrina.



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