General Discussion

Hassin Bin Sober

(27,305 posts)

30. Dude. I'm part owner of a mortgage company.

Wed Oct 29, 2025, 08:22 PM

Wednesday

(I’ve been posting about mortgage stuff for years. It’s in my history. I’m not making it up)

Just literally had this scenario a couple months ago.

Our client, who planned on having her daughter live in the property part time, had more issues with the condo association board (they were squawking about the unit being investor occupied - It only came up because of a seller with a case of diarrhea of the mouth). My advice to her was show up on moving day with a pillow under her arm and loudly proclaim she’s off on her world tour.

The guidelines on second homes are so loose they are laughable. The underwriters used to only care the property was far enough (drive) away that it made sense but now they don’t even care about that (lm talking about in-town city units versus suburbs)

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kcoates

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Highlight:

Three words in Letitia James' mortgage contract doom the fraud case against her [View all] bigtree Wednesday OP

The author is incorrect FBaggins Wednesday #1

I'm no lawyer, but other lawyers disagree with you. Happy Hoosier Wednesday #2

Exclusive use DOES NOT mean that occupancy FBaggins Wednesday #3

Where did you get your information? dpibel Wednesday #4

You provided a link to the document FBaggins Wednesday #5

For the first year dpibel Wednesday #6

Yes - and the story is that she purchased the home for her grand niece's use FBaggins Wednesday #8

Did you read the entire article? dpibel Wednesday #9

I did - none of them are commenting on the topic in the title/OP FBaggins Wednesday #17

Pretzels are tasty! dpibel Wednesday #18

I assume that's not an intentional strawman FBaggins Wednesday #20

Not sure why you're so invested in this dpibel Wednesday #22

I'm not so sure, either. marble falls Wednesday #26

it really sucks when you have to NJCher Wednesday #16

this is specious bigtree Wednesday #7

Rent isn't actually part of the charges FBaggins Wednesday #15

smoke. No real prosecutor thought she should be charged. bigtree Wednesday #19

That part is true. It's clearly a politically-motivated prosecution FBaggins Wednesday #21

they're not going to spend much time parsing whether she visited the home or stayed there bigtree Wednesday #25

When you sign a document attesting to exclusive use you don't list everyone who will be occupying the property Hassin Bin Sober Wednesday #23

Very nicely put. marble falls Wednesday #27

That's true - and would be a great defense if it were relevant FBaggins Wednesday #28

Dude. I'm part owner of a mortgage company. Hassin Bin Sober Wednesday #30

Not possible with a 2nd Home IbogaProject Wednesday #24

Dudnt her niece live there? viva la Wednesday #29

When I was young a female CPA told me the expression "picking the fly shit out of pepper". twodogsbarking Wednesday #10

Quite the discussion above, unless I missed it..... KS Toronado Wednesday #11

Question: Who is being defrauded here? SpankMe Wednesday #12

K&R UTUSN Wednesday #13

She would be better off popsdenver Wednesday #14