PDA

View Full Version : How to finance a log home on stone.



travis E
11-26-2007, 07:08 PM
I am considering the purchase of a log home. The old boy who built it used tar treated logs on stone for the foundation. Any idea how to get a mortgage on this place.



Thanks in advance

Basil
11-27-2007, 05:49 AM
Small local banks are more likely than the big ones for unusual loans in my experience. Did the people you purchased from have it mortgaged? If you are purchasing it, you need to hire a lawyer and get a title search done. Let him or her know that you want the name of any banks that have mortgaged the property in the past so that you can contact them about it.