About Brian McElroy Expertise I am a home builder in the Tampa Florida area specializing in energy-efficient homes built with precast concrete wall systems that are hurricane resistant to 235 mph. I have researched and used many methods of new home construction and find this the most cost-effective, environmentally-friendly method of home building for this area. I am also investigating other alternative methods to improve my products. I am a member of the Florida Green Build Coalition, EPA Energy Star Program, and have other affiliations involving energy savings, safe building practices and quality construction practices
Experience
Past/Present clients Many happy homeowners and repeat customers.
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The text above is a follow-up to ...
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My name is Karen. I am a mortgage broker in Gulfport, Ms. I have a client that is buying a dome house. She has been living in the home for 8 years. It is an owner finance deal, and she is needing to refinance and payoff the owner. The house was built in 1994. In my opinion, the LTV should be 50% or less. I do not have a lender that would finance the home, because there is no comps in the area to compare it to, so therefore, they consider it a unique piece of property, and will not finance it. I am desperately looking for a lender that would be willing to finance the home. She really needs to get a new loan and payoff the existing loan she has with the previous owner.
Can you help me, or do you know someone that could?
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I have not heard back from you...
I have a couple of questions. What is the approx. value of the property? What is the creditworthiness of the buyer? Why is the home unique other than the fact that it is a dome? What is the land worth without the home? How much money are we talking about financing? Do you have a valid appraisal? With some more info, I might be able to help.
Brian
Answer :
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The text above is a follow-up to ...
-----Question-----
My name is Karen. I am a mortgage broker in Gulfport, Ms. I have a client that is buying a dome house. She has been living in the home for 8 years. It is an owner finance deal, and she is needing to refinance and payoff the owner. The house was built in 1994. In my opinion, the LTV should be 50% or less. I do not have a lender that would finance the home, because there is no comps in the area to compare it to, so therefore, they consider it a unique piece of property, and will not finance it. I am desperately looking for a lender that would be willing to finance the home. She really needs to get a new loan and payoff the existing loan she has with the previous owner.
Can you help me, or do you know someone that could?
-----Answer-----
I have not heard back from you...
I have a couple of questions. What is the approx. value of the property? What is the creditworthiness of the buyer? Why is the home unique other than the fact that it is a dome? What is the land worth without the home? How much money are we talking about financing? Do you have a valid appraisal? With some more info, I might be able to help.
Brian
