Skip to content
Mortgage Brokers & Lenders

User Stats

149
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
149
Posts

Would I be committing mortgage fraud?

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted Jun 21 2019, 21:45

So If I purchase a home as my primary residence with all 100% honest intent to live in it. Mortgage laws say that I intent to inhabit the property as my primary residence. However, what if I have to relocate to another state 3-6 months after closing?

At that point, I have to choices, I can rent the property out or sell it. Both which would be violating the rule/law to live in it for a year.

Help?

Thanks in advance

Loading replies...