Posted by Jerry-WA on May 24, 2007 at 17:13:10:
Sorry for being unclear. It is a pit set home with pier blocks. We are buying it as a l/h deal for a rental and I wondered what a bank would typically want as it relates to financing or refinancing one that doesn’t have a perimeter block foundation. It seems that there is a lot of conversation about block foundations (skirting) in order to get a bank to finance, thus the products that Steve has used ( I have a call in to Steve as we speak). Being somewhat new to the business, I’m not familiar with how one would, or if one would, set a foundation under a pit set home. We are not going to move the home, I meant that after the purchase, we would like to refinance and move it off our line of credit (loc). Thanks for your help.