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When looking down the road, there can often be obstacles that were never anticipated. I don’t think anyone thought that zoning would become such a big issue in the Commercial Mortgage-Backed Security industry. The value of a property always seemed as though it would be based on size, neighborhood and quality, but now that quality question is deeply affected by its zoning. Zoning varies from state to state and John Lasala noticed the difficulties with zoning especially in the New York area. These zoning regulations can vary not only from state to state but also from municipality to municipality making it incredibly difficult to procure a proper zoning letter. Because of these differences, it makes zoning due diligence almost impossible. Things such as zoning endorsements, if even available, can be pricey and this is where John Lasala decided to start his New York based company that can help people to navigate the world of zoning requirements. These zoning letters can be a huge headache but are essential for funding a loan. So, outsource the process and let someone else hustle to get the zoning letter that you are required to provide. John Lasala’s company understands how to make sure that these letters meet all the requirements and are able to spot the differences between municipalities as well as the differences between states which helps you to get your mortgage faster. Comments are closed.
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