Re: Mortgage lenders and cohousing
From: Lautner, Patricia (
Date: Mon, 27 Aug 2012 11:06:32 -0700 (PDT)
Most cohousing communities have the word "Cohousing" in their name.  Kind of 
hard to hide if it's the name of your HOA.  

-----Original Message-----
From: Don Benson [mailto:benson6451 [at]] 
Sent: Monday, August 27, 2012 2:05 PM
To: Cohousing-L
Subject: Re: [C-L]_ Mortgage lenders and cohousing

Question for me is why do we need to inform lenders about cohousing?  This is a 
huge project that may start with Chase, but will need ripple through every 
lender and Fannie and Freddie and FHA and become part of the training for new 
lending clerks and officers everywhere before it is done.  Who wants to carry 
this banner?

Potential buyer care, but lenders are interested in financial value only.  My 
understanding is that because the comps are available on-line, even appraisers 
are becoming less important except for high value risk loans.  

Don Benson

On Aug 27, 2012, at 10:32 AM, Sharon Villines wrote:

> No one even has a litmus test for cohousing. And Chase thinks it knows what 
> it is? They should tell us their definition so we know who we are.

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