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re: Mortgage Question

Posted on 4/21/12 at 2:14 pm to
Posted by wvubrandon
Fairmont, WV
Member since Mar 2011
508 posts
Posted on 4/21/12 at 2:14 pm to
quote:

Would this be a second home?


Not entirely sure about this. The home we live in now they had been renting from my Uncle for the better part of 20+ years. Now they have entered into a land contract purchase of the home. Are they considered homeowners at the signing of the land contract or when the contract is paid in full?
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