Asked by nslingsby, 80205 • Thu Aug 30, 2012
Own a condo in a 3-unit complex. The other 2 units are currently leased, thus my property is not majority owner-occupied. As a result, I am not qualified to refi with a traditional or Fannie Mae loan (the property is not HUD approved). Along these same lines, a potential purchaser, were I to list the property, would not qualify for funding either. Is there any consideration for the fact that there are only 3 units? Do I have any options for refinancing or listing to someone seeking traditional funding? Advice??
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