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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I had a condo for numerous years that I refinanced and then six months later moved and now rent it out.

Did I commit mortgage fraud by moving so soon after re-financing?  I refinanced with the same mortgage company I had for years already.  If so, what could the consequences be?
[/quote]

Yes, you did. They could call the note. As in, demand payment for it in full. I guess they could also make a criminal complaint for lying on mortgage documents.[/quote]
They could.  But they won't.[/quote]

PP here - thanks for responding.  I feel awful about this, I didn't know I was being fraudelant.

My real estate agent and lender for the new mortgage said as long as the refinancing was complete before we put a contract in for our new house everything was fine.  However, it sounds like that is not true and we should have waited 12 months.

Waiting a few more months would have not been a problem.   The old mortgage bill has been coming to our new addresss for over a year now...  I hope you are right and our mortgage company won't do anything, but I still feel awful about this now.

Sorry to post jack.[/quote]

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