Tried applying for mortgage loan from BHD Leon, all paper work was in order.
Went to take in a appraisal ordered by the bank, which is like the last step when,
I was informed by the bank manager of the bad news..since the present owner
is my pop, I cannot buy the house from him which seemed like the craziest thing.
I had no other recourse than to just take my paper work that took months to put together
and say Adios. she said some legalities prevent a son from buying the fathers' house...at least
in terms of them loaning the money. So they don't lend son to buy from father.
Any advice?
Should I try a different bank? recommendation?
The appraisal is good for 3 months
Thanks
Went to take in a appraisal ordered by the bank, which is like the last step when,
I was informed by the bank manager of the bad news..since the present owner
is my pop, I cannot buy the house from him which seemed like the craziest thing.
I had no other recourse than to just take my paper work that took months to put together
and say Adios. she said some legalities prevent a son from buying the fathers' house...at least
in terms of them loaning the money. So they don't lend son to buy from father.
Any advice?
Should I try a different bank? recommendation?
The appraisal is good for 3 months
Thanks