Bank #2 is willing to work with us. However the lawyer is requiring several extra steps which means more money in her pocket and less in mine. I can understand how our land situation would confuse someone. Our entire lot is composed of four individual lots. About 38 years ago a road used to run between two of those. The road was moved, but the county records still show a "road". These lots of land have been owned by someone in my family for longer than I can remember. I am not worried.
The lawyer sees the situation differently though. We have put bank #2 on hold while we try a third option. W is allowed to borrow from his 401(k). He could actually borrow for a number of reasons, but we are looking into the option that allows for purchasing or building a primary residence. There are no penalties as long as we pay the amount back within 15 years.
We submitted the required paperwork and are waiting the 10 business days for a decision. We will have an answer by the end of next week. For now this seems like the best option. We will be repaying into his account and even the interest paid will go to us. Stay tuned for the company's decision.