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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Let me guess. You’ve never had to work hard for anything in your life. Mommy and daddy paid for your college education so you never got bogged down with student loan debt. Family money helped you pay for a down payment on your home. You’ve never had to scrimp and save pennies for 12+ years to save for a down payment to afford what you thought was an OK home in a middle neighborhood. Right out of the gate you were affording a $1M+ house where you can live a privileged life insulated by scum vampire squid real estate speculators. Let’s see how much you’d like it if a real estate investor bought a house on your block and stuffed 4, 5, or 6 families in their who never give a crap about the neighborhood. They also give zero craps about upkeeping the yard and neither does the landlord. Let’s see how much you’d like it to have your biggest investment ruined by some faceless, speculating scum real estate investor who has zero qualms about running a dilapidated, run down cesspool to stuff families in because the less money they spend on maintenance and repair the more profit it means. Just turn all our neighborhoods into 3rd world trash heaps. [b]Get some anger management help.[/b][/quote] That's your answer to her point? You don't think she has a right to be angry watching her hard-won investments go up in flames? Let's see how you'd feel if it was your hard work and your investment going up in flames. She's not the one breaking zoning laws and rental laws. You are. [/quote] How is pp breaking zoning and rental laws? [/quote] Because there are fire hazards when you cram tons of people into a small space not designed to house multiple families. At a minimum it is tax fraud when you claim a property is for primary residence yet rent it out. [/quote] OK, but where did anybody say that PP was doing those things?[/quote] Yes, the residence is listed as ‘primary’ even though the owner is renting it out.[/quote] You are really missing the point here. PP does not own the residence and is not involved in the situation. PP should not be accused of breaking any laws. [/quote] Being a slumlord running down neighborhoods affects everyone around them. You try to dodge taxes by listing it as a primary residence on the loan but go rent it out means you’re not only committing tax fraud, you’re also committing financial fraud by lying to the loan officer. Owner should be exposed.[/quote]
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