getting a loan on a private road ?
My cash offer is accepted on a house which I love, at a good price, which I WAS happy about
until.....I learned it's very hard if not impossible to get a loan on house that's on a private road.
Because it is on a private road (first house) , an agreement from neighbors would be required by banks to agree to clean and plow road
in order to get a loan. Neighbors have not been willing to do this in past.
Have others heard of this ? anyone bought a house on a private road with a mortgage?
Would hate to spend all my money only to find out i cant resell!
Thanks!