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Updated over 8 years ago on . Most recent reply

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
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Tax Liens & Mortgage Notes

Non borrower occupied not to borrower occupied?

Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

I'm working with a seller of a note who is selling a note on a SFR in N. Carolina. He sold the home and carried paper to an investor who bought it for a rental. We are looking to buy the note but the seller just informed me that his borrower now wants to move in and occupy the property. I'm looking for any recommendations/thoughts on what the current note holder needs to do to comply with CFPB on this one before we buy the paper, thanks.

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