Legal Question in Real Estate Law in Illinois
Rental Properties
Do lenders base any of their lending decisions on the percentage of homes in the immediate area that are rented?
Asked on 4/22/09, 10:16 am
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
Re: Rental Properties
In an indirect way, substantial rentals may impact on property values and therefore effect a lender's decision.
Answered on 4/22/09, 11:38 am