Composite Home

[Tashia Berman]

I have a friend who purchased what was represented as a "Brick Ranch" home. When she wanted to refinance, she was told by the appraiser that it was actually and manufactured home that had been added on to and bricked over. He called it a "composite" home and she was unable to find anyone to refinance with.

Are you aware of financing resources for such homes? My suggestion to her, since she wants to get out of the home, was to sell it with full disclosure, but she says nobody can get the financing to purchase this type home. Is she right or can it be financed? I suspect she could get out of it what she has in it if financing is available.

Thanks,
Tashia