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Reply to "anyone knows what's going on with this CCDC listing? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]And if they become landlords - in theory their mortgage gets reset to an investment property and the rate will go up.[/quote] Therein lies another issue entirely. If they bought this knowing full well they planned to rent it, that's mortgage fraud.[/quote] This is a real stretch. If you google the owner he is a highly educated older man. While it's possible this is the case it is highly doubtful this is what's going on. He doesn't fit the profile of someone who intended to become a late-in-life landlord in DC who made an error in his understanding of what his loan documents say. [/quote]
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