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#517273 - 03/20/06 03:29 PM Split Use of Property
Floridian Offline
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Joined: Jul 2004
Posts: 56
An individual is purchasing a 2 story building. The lower floor will be a store front business and the upper floor will be his principal dwelling. Will this be considered to be a residential transaction even though the property is zoned commercial?
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Lending Compliance
#517274 - 03/20/06 03:50 PM Re: Split Use of Property
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,958
Bloomington, IN
Review mixed-use property in the GIR on page D-5.
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#517275 - 03/20/06 03:59 PM Re: Split Use of Property
Floridian Offline
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Joined: Jul 2004
Posts: 56
GIR ????
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#517276 - 03/20/06 04:06 PM Re: Split Use of Property
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,958
Bloomington, IN
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The opinions expressed are mine and they are not to be taken as legal advice.

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#517277 - 03/20/06 04:07 PM Re: Split Use of Property
Floridian Offline
Member
Joined: Jul 2004
Posts: 56
Thanks...never heard it referred to as GIR.....was always just HMDA Guide...

Thanks Again
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#517278 - 03/20/06 04:15 PM Re: Split Use of Property
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,958
Bloomington, IN
It's commonly referred to as the GIR (Getting It Right) here on BOL. Sorry for the confusion.
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#517279 - 03/20/06 04:42 PM Re: Split Use of Property
YHWB Offline
Platinum Poster
Joined: Apr 2005
Posts: 608
Out there
maybe "grrrrrr" would be better.

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