So.. I have this listing... a stick-built 1985 basement home overlooking a pond, sitting on 5 acres. On the rear of the property is a 1970s single-wide trailer with a rear deck and above-ground pool. All one parcel.
It's pretty clear USDA won't finance for this reason, not to mention the gravel road doesn't have a shared maintenance agreement. Anyone have input on what FHA or conventional may do? I've been told, depending on the underwriters, if the kitchen were removed from the trailer, it could be considered storage only. This wouldn't affect the loanability of the rest. Is this true? Similar situations, anyone?
Most of the interested buyers prefer to have the trailer remain, in case you're wondering. We've thought about just hauling it off, but if we can save the sellers that expense, and get one of the two really interested buyers into the property the way it is - great!
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