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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]This is a real estate transaction so none of the verbal representations necessarily carry much/any weight (see the Statute of Frauds). The boxes/Qs you refer to are not inconsistent with a prohibition on renting. You merely said (1) it's your second home; and (2) you're not planning to move in or make it your primary residence. That completely (IMO) begs the question of whether or not you're permitted to rent it. The documents are silent about that. So I still (I've posted once or twice above) think you need to see a real estate attorney in that jurisdiction (based on my 32 yrs. of legal practice including some real estate work) for legal advice (which this is not).[/quote]
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