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re: Renting out property without mortgage holder's consent
Posted on 6/27/14 at 3:06 pm to LSUFanHouston
Posted on 6/27/14 at 3:06 pm to LSUFanHouston
quote:yeah I just figured the answer they would give me would be if they said you can't do it then you can't do it
While many of us are willing to offer advice, you are reaching the territory where I would reccomend engaging a real estate attorney.
2
Posted on 6/27/14 at 3:22 pm to Fearthehat0307
Homestead exemption will/could become an issue. If WF is escrowing for taxes/insurance and then get a large tax bill, they might inquire as to why.
Posted on 6/28/14 at 9:22 am to Fearthehat0307
My advice to you is to stay off the phone to Wells Fargo. Pay them their money every month or refinance it as a rental property you will pay more in interest but you would above board with everyone.
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