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re: Renting out property without mortgage holder's consent
Posted on 6/29/14 at 9:55 am to rmc
Posted on 6/29/14 at 9:55 am to rmc
quote:
Failing to use and occupy the property as a residence is almost always an act of default under residential mortgages. Most mortgage companies honestly don't care as long as they are getting paid. Especially the large services. /not legal advice./
Sad part is I'm a lawyer...Good news is I wouldn't nail you on the legal advice.
I always figured the "non occupation" was more along the lines of lack of maintenance and abandonment. But whatever floats their boat.
This post was edited on 6/29/14 at 9:56 am
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