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To: TSgt

How did you finance? We have a dome home and along with hay bale and log homes Fannie Mae says they wont insurance them, so we can’t get a buyer for our dome (well unless they came in with cash)


25 posted on 11/19/2011 9:09:05 AM PST by svcw (God's Grace - thank you!)
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To: svcw

We financed it via Mountain National Bank. We have perfect credit and put 25% down. We didn’t have any problem getting it insured.

It took forever to close, we actually close sometime this month, because the current owner has two mortgages on it. Just waiting on the bank appraisal and a closing date.

It was purchased in 2006 for $155K, currently appraised at $99K and we are buying it for $75K. It has $14K of documented annual rental income.

Some incredible deals here!
http://www.smoky-mountain-properties.com/foreclosures.htm


31 posted on 11/19/2011 9:22:10 AM PST by TSgt (whenever any Form of Government becomes destructive...it is the Right of the People to abolish it.)
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