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re: Renting out property without mortgage holder's consent
Posted on 6/27/14 at 2:30 pm to Fearthehat0307
Posted on 6/27/14 at 2:30 pm to Fearthehat0307
Damn. Did you agree to that in your mortgage? If so, was it some special kind of loan program or something?
Posted on 6/27/14 at 2:38 pm to 90proofprofessional
quote:it was your typical conventional 30 year fixed rate loan from my understanding. it did change hands multiple times from my original bank to fannie to wells fargo I think.
Damn. Did you agree to that in your mortgage? If so, was it some special kind of loan program or something?
the notice I received states: At this time, our standard guidelines do not permit customers to rent their property if the loan was originated as an 'owner-occupied' residence
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