Posted by James Harris on May 05, 2005 at 09:33:54:
Rose, No, that is not a common lender rule. It is only for that lender. I ma be able to help depending upon what state you are in. Please advise.
condo financing - Posted by Rose
Posted by Rose on May 04, 2005 at 14:32:28:
I converted a 4 unit apartment building to condos and am now trying to sell them. A potential buyer want to make an offer on 3 of the units but was told by his lender that they would not finance him if he owned more than 25% of the units. Is this a common lender rule? and why?