So Bill AB 957 was recently passed that prohibits a bank seller to require the buyer to purchase escrow services, title services or a natural hazard disclosure statement that is approved by them.
So I'm trying to think this one through.
Sure, they can't outwardly "mandate" that they choose their escrow, title and hazard disclosure companies.
But isn't kind of like the same issue with normal sales?
We all know that when you're in a multiple offer situation, it's fairly common to write in "seller's choice" on these services in order to make your offer more competitive/attractive to the seller.
Depending on the circumstances and whether or not it is a multiple offer situation, is the bank/seller still not going to choose an offer that is more attractive to them based on all elements of the offer?
So what is the real difference here?
Am I missing something?
