How do I get a loan on a non-conforming residential property?
I have been looking at a property for a while and absolutely love it. As it turns out, we looked at the zoning and it is a non-conforming residential. It is beside an industrial park, so they zoned it so that when the house is destroyed or abandoned over a year, it must become commercial. Since the bank did not want to deal with this zoning "problem", they just told us that we need to find a house they will give a mortgage on. It has been forclosed on for almost 9 months, so rezoning it would take too long. I was just wondering if there was anyone with advice. Thanks.
Like this post? Subscribe to my RSS feed and get loads more!
One comment
kemperk on August 28, 2009 at 12:22 am
seek a bank loan or hard money;
also, seek out a MORTGAGE BROKER