Zion Property Mortgage market
Hello,
I am looking for info from those who may have purchased property in Zion, IL in the past year or so (which I expect few actually have).
An owner of mine is leaving the business and selling off all his interests including Zion (one 8 unit, rest duplexes, SFRs). So far i haven't be able to convince him that in order to sell he will will mostly likely have to do owner financing. The reason I believe he has to be open to it is the low assessed value and high taxes. Has anyone recently purchased a property in Zion using a conventional loan or tried to?
Can anyone offer guidance on whether a mortgage lender would consider these barriers to a obtaining a mortgage?
Thank you!
