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Real Estate
Reply to "Removing a second home rider from mortgage - how does it works?"
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[quote=Anonymous][quote=Anonymous]You've settled, the mortgage is recorded, I wouldn't worry too much beyond that. It is unlikely that the servicer for whatever trust the mortgage is now held by will send someone to the home to see if it is indeed rented. [b]It sounds like you did not make any misstatements on the loan application, so there is unlikely any recourse the lender has anyway.[/b] My suggestion would be to go forth and do as you intend - rent it for now and occupy at some point, or not.[/quote] My suggestion would be not to take legal advice from the internet! [/quote]
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