Updated over 9 years ago on . Most recent reply
Leasing out a newly bought place
I am in somewhat of a tight situation, and glad found this forum to ask question(s). Definitely a lot of smart and experienced folks here.
So, I bought a place end of November'15. At the time, my job was only 8 miles from the new place. Right around the closing I interviewed for a new job. Thankfully, I landed the job, but the downside of this job was it was about 30 miles from my place. I was already knee deep in the buying process when the new job opportunity materialized. Unfortunately, I don't have any time flexibility in my new job. I have to show up 15 min before 8:00 A.M. everyday. No excuses. No exceptions. This put a huge stress on me right off the bat. So I decided it it was in my best interest to move back with my family (at least for some time), and be super close to work.
I understand that I can't rent out the new place w/o bank permission or there is any extenuating circumstance. Is this considered an extenuating circumstance. I had no intentions of not moving in the place when I bought it.