Should I Refuse To Help A Client If He/She Seeks 'City Program Money"?Submitted by Anisha on Sat, 05/22/2010 - 14:17
Please help me with this. I am in a moral dilemma.
A friend has asked me to be her Realtor. She is a struggling writer on a very low income working two jobs earning only $1200/mth. There are many bank owned properties ranging in price from as low as $35K - $100K which would be 'affordable' for this person. Her rent is currently $720.
I have guided this client/friend to several mortgage officers, but she is also seeking 'city program money' from the city of Mpls set up to 'stimulate' purchasing/renovating a home in North Mpls, a neighborhood ravaged by crime despite all the cute homes there left abandoned.
When I reason this out for myself, that means I would be accepting compensation/commission from a sale that was, in my opinion, ill gotten by forced public taxation and then 'illegally' loaning it out 'privately' which is against our Constitution, regardless of its 'legality of State law'!
This is morally wrong, and I may choose to walk away from it despite my own tight financial situation.
Furthermore, to be even more perfectly honest, I would also have to 'walk away' from most bank mortgages too if they are in someway connected with Fannie Mae/Federal Reserve, since they are all 'fraudulent' as contracts!
What do you think is the correct thing to do here?