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Updated about 5 years ago,

User Stats

20
Posts
2
Votes
Hank Austin
  • Spokane, Wa
2
Votes |
20
Posts

VA Loan or Cash the only option???? Broken marriage line

Hank Austin
  • Spokane, Wa
Posted

So I listed an estate manufactured home for someone and they had no knowledge of the property or anything in the properties history. I did a CMA and we agreed to list it at $195,000. From there we got multiple offers until we recieved the one we wanted. It was a conventional $100k down offer. When they did the title report the lender noticed that the first sale was land only which had him quesitoning whether or not the house had been moved multiple times. We had an engineer come and and sure enough the house "appears to have a broken marriage line". So the deal was terminated and we are back to square one. I have been told by multiple sources that cash or VA loan is the only option for the houses financing. Does anyone have more insight on this situation? Im in Washington state and we have an airforce base close to us so I am really hoping that is an option so we dont have to lower the price and go cash.

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