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#2199198 - 11/27/18 08:42 PM Shop + House = Shouse
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 327
Kansas
The bank is making a loan to purchase 85 acres and build a "Shouse". I am saying this is a TRID loan because is will also have living space. Right?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2199202 - 11/27/18 08:45 PM Re: Shop + House = Shouse Patricia
raitchjay Offline
Power Poster
Joined: Oct 2009
Posts: 8,542
OK
Unless this shop has some commercial purpose (as opposed to just being used as a typical shop by the homeowner), i'd say yes.

BTW...we call those "shomes" here. smile
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#2199248 - 11/28/18 02:02 PM Re: Shop + House = Shouse Patricia
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,643
The Swamp
Y'all are so fancy...we just call them a metal building you can live in. laugh!
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#2199262 - 11/28/18 03:27 PM Re: Shop + House = Shouse Patricia
raitchjay Offline
Power Poster
Joined: Oct 2009
Posts: 8,542
OK
Well, i had to become a "shome" convert....lenders were calling it that and i was like "huh?"...and they filled me in. smile
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I'm fixin' to fix that.

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#2199277 - 11/28/18 05:20 PM Re: Shop + House = Shouse Patricia
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,643
The Swamp
laugh! Reminds me a bit of designer dogs...when the day is over they are still a MUTT.
Last edited by RR Joker; 11/28/18 05:21 PM.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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