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re: Renting out property without mortgage holder's consent

Posted on 6/27/14 at 3:17 pm to
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 6/27/14 at 3:17 pm to
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!
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8141 posts
Posted on 6/27/14 at 4:11 pm to
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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