The White Buffalo

[Brendan Beninghof]

So, I am on the 1yd line closing on a duplex and my lender calls on Friday to sayt - "It's a White Buffalo."

When the Title paperwork was pulled Friday she found out that this property, listed as a duplex, is legally written on the title as a 2-unit condo...Which, apparently, don't really exist. However, at some point in time the FHA requirements were written in such a way that do not finance 2-unit condos; even though they will do a 1 unit condo or duplex...

I'm really trying to avoid putting 15% down as I would like to keep my money liquid and purchase more property.

Any suggestions would be GREATLY appreciated.

Thanks in advance,

Brendan