Real Estate?

Question

What is meant in real estate, the word redlining ?

Answer 1

Redlining is when real estate agencies and lenders refuse to give a loan or show houses to someone based on race or other prejudice because they believe they are too high risk, even though the buyer is qualified and credit worthy. They simply will not sell to that buyer in that area. They believe it will lower the market value of the neighborhood.  The practice of redlining is not heard of very often because it has become quite uncommon.

Answer 2

To refuse home mortgages or home insurance to areas or neighborhoods deemed poor financial risks.

Hope that has helped.

Hi Slick, Good luck on your search for a house.

Love, Rosa

Answer 3

here's the exact definition of redlining .

Redlining is against the law. It is a discriminatory practice, involving lenders which refuse to lend money or extend credit to borrowers in certain "struggling" areas of town. It is against the law to discriminate against borrowers based on race or income level, among other factors. Redlining became known as such because lenders would draw a red line around a neighborhood on a map, often targeting areas with a high concentration of minorities, and then refusing to lend in those areas because they considered the risk too high. Even though it is now against the law, some lenders today are still accused of redlining.

You can read everything about real estate

http://en.wikipedia.org/wiki/Redlining

www.forallhouses.info

Answer 4

Yep, redlining is a term for discrimination as described in the other answers.

However, just in case your question was related to something a bit less distasteful...  the term "redlining" can also be applied to the process of making changes to a document.  When one party makes changes to a contract proposed by the other party, the changes are shown as "redlined" changes to make them visible without having to check each word of the agreement for the differences.