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Real Estate
Reply to "Possible to rent home "under the table"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Your mortgage holder may not approve. Our neighbor tried to rent out his house and the mortgage company said no. He ended up selling.[/quote] Really?! I've never heard of this. Under what legal authority do they do this? I don't remember ever signing any language to this effect in either of my closings.[/quote] Many /most mortgages include language that the home is owner occupied. [/quote] I thought this was only for the first few years. I don't think you have to refinance for a rental property, but trying to claim a mortgage interest deduction and fudge about your residence is sketchy.[/quote]
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