Saturday, July 6, 2013

Homes Harder to Finance

Homes Harder to Finance
Eclectic: Oddball properties -- such as a domed house or a home designed to resemble a medieval castle -- can trip up buyers when they sit down to work out financing.  Unique architecture or unusual characteristics complicate the task of gauging market value, causing many lenders to back away from funding a buyer's purchase. Banks that do take on such properties may do so at a cost: 
Are Short Sales Becoming a Thing of the Past?

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