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re: Renting out property without mortgage holder's consent

Posted on 6/27/14 at 2:30 pm to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 6/27/14 at 2:30 pm to
Damn. Did you agree to that in your mortgage? If so, was it some special kind of loan program or something?
Posted by Fearthehat0307
Dallas, TX
Member since Dec 2007
65256 posts
Posted on 6/27/14 at 2:38 pm to
quote:

Damn. Did you agree to that in your mortgage? If so, was it some special kind of loan program or something?
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.

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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