Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Daniel Bates
  • Mc Clellanville, SC
0
Votes |
4
Posts

Fannie Mae First Look

Daniel Bates
  • Mc Clellanville, SC
Posted

1Br / 1Ba 800 sq.ft. property in the middle of a small business district that is zoned commercial just listed on homepath with 20 day "first look" period.  I'm interest in the property, but not as an owner-occupied business, not a primary residence.  The lenders I all talk to say that you can't get residential financing on property zoned in commercial, so I'm not sure who they are waiting on to buy this property.  Is there anyone to plea this case to beyond the listing agent? Is there a way to legally purchase while being upfront about not using as primary and pay the "liquidated damages"?  I am a real estate agent, so I'm not going to jeopardize my license by knowingly lying on the owner-occupied form, but I didn't know if anyone else had a way around these rules.  Thanks

Loading replies...