Financing in Manorville : Real Estate Advice

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Debra Peters, Real Estate Pro in Hauppauge, NY
Debra Peters answered:
To be clear, is Greenwood Vlg a 55 condo community? If so, why wouldnt banks loan? They are not mobile homes. Also, this is land leased, yes? Asking
Greenwood Village is a 55+ Community. There are single unit homes as well as 2 homes that are attached by the garage aka "H" homes. The older homes are modular and there are newer home ... more
0 votes Share Flag Fri Apr 10, 2015 Financing in 11949
Debra Peters, Real Estate Pro in Hauppauge, NY
Debra Peters answered:
Where can we apply for a mortgage loan for the homes in Greenwood Village?
Greenwood Village in Manorville is a land leased community. The modular homes are considered personal property and can not be mortgaged. You receive a Bill of Sale.
0 votes Share Flag Wed Oct 1, 2014 Financing in 11949
R Wright, Real Estate Pro in NY,
R Wright answered:
In this lending market are 80/15/5 or 80/10/10 loans still available?
In the residential 1-4 unit market no. There are still some crazy deals put together in the commercial market but it is also not as deeply regulated. 96.5 % financing with a rate below ... more
0 votes Share Flag Thu Aug 30, 2012 Financing in Manorville
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