Anonymous wrote:Real estate attorney here. The loan docs are actually not vague as to what is owner occupied. Intent is irrelevant. Instead it says that you will move with 60 days and reside there as your primary residence for 12 months.

You would have to buy as an investment property.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.

How is she a victim?

How do you know pp is a "she?"

But, to answer your question, pp is the victim because s/he is negatively impacted by having a renter move in next door, especially if this is an uncommon thing in his/her neighborhood. Renters generally don't care for property as well as homeowners. So if the rental was enabled by fraudulent behavior, yeah, pp is the victim.

Only a typical DC asshole would defend the neighbor for behaving this way. Those are the types who try to turn it around and call the victim names like "snob" and "busybody."

This would be the same type of person who would drive a BMW and yell at the grandma for entering the crosswalk.

There is no entitlement to NOT live next to renters. People should not have expectations that this will not happen. If they are so against renters, they should buy in coops and other restrictive places.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.

How is she a victim?

How do you know pp is a "she?"

But, to answer your question, pp is the victim because s/he is negatively impacted by having a renter move in next door, especially if this is an uncommon thing in his/her neighborhood. Renters generally don't care for property as well as homeowners. So if the rental was enabled by fraudulent behavior, yeah, pp is the victim.

Only a typical DC asshole would defend the neighbor for behaving this way. Those are the types who try to turn it around and call the victim names like "snob" and "busybody."

This would be the same type of person who would drive a BMW and yell at the grandma for entering the crosswalk.

Anonymous wrote:

Anonymous wrote: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?

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.

How is she a victim?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.

Anonymous wrote: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?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.

While in theory you are being ethical it is hard to agree with someone who is simultaneously being a busybody and a snob.

Anonymous wrote:

Anonymous wrote:Oooh 22:40 you sound like a dirty nimby. 'imposing a rental on a community'?

We imposed a lovely family on a community at our rental. It's not your business how a mortgage is obtained as long as an area is zoned as residential.

Go bother people who are actually wrecking others lives with real crimes.

+1. From the "typical DC MYOB" poster.

I just have bigger fish to fry in my life than sitting at my freaking window watching neighbors and reporting them for stupid crap.

Get. Lives.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a nice neighbor you are! How did you know which mortgage company to call?

+1

That just seems like such a crappy thing to do.

Um, the crappy thing to do was to use fraudulent means to impose a rental property on a community. I'm applaud the pp's due diligence and reaction, and I am appalled that you scolded her for doing it.

So, before you go off on OP's "typical DC response" I would content that in fact, it was the investor who acted badly. Shame on you for blaming the victim here.