My question involves real estate located in the State of: Alabama
Today my real estate agent called and said multiple mortgage companies declined my buyers mortgage because the house is zoned B-1.
The house has always been residential, never a business. I called the city right before they closed and they said the property is grandfathered residential, but it had been rezoned to Business-1.
What can I do?
I am buying another larger house and had planned back-to-back closings. All parties have a lot invested, home inspections, appraisals, surveys,...
Today my real estate agent called and said multiple mortgage companies declined my buyers mortgage because the house is zoned B-1.
The house has always been residential, never a business. I called the city right before they closed and they said the property is grandfathered residential, but it had been rezoned to Business-1.
What can I do?
I am buying another larger house and had planned back-to-back closings. All parties have a lot invested, home inspections, appraisals, surveys,...
Mortgages: City Rezoned My House to B-1 and Now My Buyer Can't Get a Mortgage, What Can I Do
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