Posted by Tammy on January 09, 2001 at 11:41:53:
I know the small loan is also a problem. The broker got back to me, it seems the ratio isn’t quite as bad as what she’d thought. It’s actually 30% owner occupied…still not enough for FannieMae or FHA, but enough that a private lender may take it.
As for going back to the bank, the bank APPEARS to have sold it to a realty company (or the realty company was the mortgage holder). This realty company has the property listed through a second realty company.
Thanks for the advice Ed.