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Reply to "house sold down the street now turned into a rental with multiple families - legal?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes- legal, but they might be in violation of the lease without the owner knowing. Can't hurt to send a note.[/quote] Explain how it is legal when I can look up the property and it says it is owned by X as 'primary residence'. The home was listed as a 4 BR home, yet I can find it now listed as a rental with '6 BR'. Again, absolutely zero construction was done on the house, so how does it magically gain +2 BR so that the investor owner can jam more unrelated people into it in order to max their profits on a home supposedly owned as their 'primary residence'?[/quote] What you want is some sort of law/ordinance that will kick those people out. That likely does not exist. Did the purchaser potentially commit mortgage/tax fraud if they declare it a primary residence? Maybe. But that is only going to affect that person's finances. It isn't going to kick the people out. And the rules on what qualifies as a bedroom are different for listing a rental and listing for purchase. [/quote]
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