Here’s a good one… - Posted by Debra(SC)
Posted by Debra(SC) on March 03, 2000 at 16:43:54:
My husband and I bought his sister’s house, which she is financing for us at $150.00/month with no interest (what a deal). We have someone living in the house who pays us $350/month and wants to buy the house It was appraised at $45,000 last year. (By the way, we bought it for 20,000 ). Anyway, we need the money ASAP so we decided to get a mortage on the home and let the tenant continue to make the payments.
Now, we have refinanced our personal residence so many times I don’t want to mention, and never had any problem. THIS time, the lender says THIS house does not look as though it was lived in, so the tenant has to put curtains up at every window so the house looks lived in, put some kind of covering over a spot in the floor(???) and they will send appraisor out again on Monday!! Has anyone heard of such a thing?? Curtains up to make it look lived in so it could get appraised? I have a friend who lives in a $200,000 home and he doesn’t have ANY curtains on the entire first floor of his house and blinds (which my rental house does have) only on the top floors!!! This is only a $45,000 house, for crying out loud!
Whatcha gonna do? Put the curtains up!