Quote:
Originally Posted by rusnak
This is all one parcel, right? So refi the main house. And besides, it sounds as if you have separate free standing structures. If you have multiple parcels already, then the issue is not zoning if the minimum lot size allows separate single family dwellings. Your issue can be minimum lot setbacks, which can be solved with a variance.
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This is how the first loan (when I bought it from dad) was done... only appraised the front house... but the bank is currently not interested in doing that (neighbors house just sold for $600K, we are asking for $280 on the refi)
Quote:
Originally Posted by rusnak
The bigger problem sounds as if the building codes are not met for a dwelling unit. Maybe refi the "storage" instead. This would be like a local bank mini perm collateralize by the lot(s). Maybe you need to find a different bank.
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Yes we are shopping around banks... problem is they charge a processing fee and only tell you after the fact that they don't like the zoning issue... and this is the bank that gave me the last refi but as I expected with a different loan officer and appraisers some are more flexible than others..