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re: Renting out property without mortgage holder's consent
Posted on 6/27/14 at 3:17 pm to Fearthehat0307
Posted on 6/27/14 at 3:17 pm to Fearthehat0307
Why in the world would you volunteer that info to them?
If the house burns down, the insurance pays off the mortgage company first anyway.
They aren't the law. The absolute worst they could do is call in the loan and you would have to redo they another lender. Trust me, as long as Wells is getting paid, they aren't paying attention to your individual little mortgage.
Rent it!
If the house burns down, the insurance pays off the mortgage company first anyway.
They aren't the law. The absolute worst they could do is call in the loan and you would have to redo they another lender. Trust me, as long as Wells is getting paid, they aren't paying attention to your individual little mortgage.
Rent it!
Posted on 6/27/14 at 4:11 pm to GeeOH
quote:
Wells is getting paid, they aren't paying attention to your individual little mortgage.
Unless the business rules trigger an inspection when the insurance policy changes from a homeowner policy to a dwelling policy. It's all automated, dude.
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