New York, NY asked in Real Estate Law for Maryland

Q: Does having a foreign address provide grounds for denial of refinancing property in MD? I am on extended foreign asgmt.

Denial expressed over the phone and email has been solely based on the fact of having a foreign address. Official letters do not line up with this communication. Instead I receive, “we do not offer this product at this time.” This does not feel right.

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1 Lawyer Answer
Mark Oakley
Mark Oakley
  • Rockville, MD
  • Licensed in Maryland

A: There’s no law that compels private lenders to lend to any person, other than to not discriminate based on constitutionally protected grounds (race, religion, gender, e.g.). They could not lend to you because you drive a Toyota. It’s not illegal. I’m not saying anything bad about Toyotas. They’re great cars. I suggest you apply elsewhere.

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