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As far as I know there is no financing for **own your owns**. They have a common tax bill for the entire building. Condo's have a seperage tax bill. The lender needs to be able to make sure the taxes are paid to control his interests. If the association did not pay property taxes, the entire building could be sold to the state and the lender would be out. That is why they do not loan on OYO's. http://www.trulia.com/voices/Home_Buying/has_the_laws_change...
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