I know they are harder, and even though we got thru the short sale hurdle (that was easier compared to whats going on now), but now I figured out exactly what is holding up my end (there is unexpected probate stuff on the seller's end that will MAYBE be cleared up this week, but like I was told here, we are starting to look at other options now. My husband is so depressed, and so am I. BUT.... B.c records are public, I did some public record searching as to who owns what in our desired complex (last I heard from our broker, there was a concern b,c more than one person owned more than 10% of the units, there are 8 units in the complex. So....today I dug around online...and its NOT a person per se that owns them, its a company, "something enterprises llc". From what I can see, they own THREE of them. My question is..... b.c its a company and not a person, will this help, hurt, or not a make a difference? We are starting to keep other options open now, but truthfully are so beat down by this, and depressed b,c at least right now, there is not a lot in the area we want. So being its a company and not a person, will that be looked at differently? Thanks in advance,
Lauren
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Being that it is an LLC does not change anything. Did you say there only 8 units in the association? One more investor owned, in addition to the three would put the investor owned at 50%. I don't remember if it is Over 50%, or just 50% investor owned that kills FNMA/FHA financing.