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mortgageable? no permits

This is a discussion on mortgageable? no permits within the Mortgage Talk forums, part of our Mortgage Chat category; I have heard this has been problems in the past.. I have this house. It is on 7 acres. It ...




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Old May 4th, 2008, 10:33 PM   #1
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Default mortgageable? no permits

I have heard this has been problems in the past.. I have this house. It is on 7 acres. It WAS about 1000 s.f. 3 bdrm, 1 bth, full basement, partial finished etc.. I sold it land contract to a guy who talked me into it, and renigged then! This is crazy cause he put ALL kinds of work in it. He added yes ADDED 3600 more SF! I am not sure EXACTLY what his plans were but I am making it a andquot;mother in lawandquot; apt( I do not have zoning for a multi family) The new side has a 75 X24 garage and then upstairs has 1800 s.f three bdrm two bath, cathedral ceilings, etc.. nice. not all finished though, He pulled NO permits. Is this gonna be hard to mortgage to a buyer now? I am just considering selling it now as I am overwhelmed
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