Cohousing-L Mailing List: Re: Mortgage lenders and cohousing

[Doug Chamberlin (chamberlin.doug]

On 8/27/12 3:59 PM, Ann Zabaldo wrote:
> O this drives me crazy.  You have pending buyers for your cohousing community 
> and Chase is worried about "marketability?"   Really?  Am I confused?  Isn't 
> the definition of marketability people wanting a loan to buy a particular 
> home in a particular community -- it sort of strongly infers marketability of 
> the home and the community?  Isn't that what we call "demand?"
Oh, this drives me crazy also. But I suspect that "marketability" in
this context refers to the bank's ability to re-sell the mortgage to
another bank (or other financial institution). A whole different kettle
of fish than what you are responding to. So, yes, I think you were
confused by the wording here.