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Q: How do canadians buy in the us with the Freddie mac owner occupant clause?
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Can a bank call the home loan because you rented the home?

Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.


Does the boyfriend have to leave the house if the mortgage holder dies?

Yes. All of the power is in the hands of the mortgage holder or owner. Example: a lease holder can ask an occupant to leave as it it thier dwelling (more or less though it belongs to the owner). But if the occupant also were on the lleases then it is a dispute that must be settled legally to decide whos name can be removed fom said lease.


How is a house sold as an owner finance loan with the first loan being a second home rider signed for a vacation home only?

Can property be legally sold as an owner finance sale when there is a second home rider clause where the mortgage company has approved the current loan as a vacation home only and that only the owners are to occupy the property.


How do you estimate land value?

Factors that effect land values are: 1.) Zoning; 2.) For farming production, soil and drainage quality; 3.) Real estate market values that would compare to other similar sales; 4.) Property taxes, but only a general guide. 5.) Building and improvement potential. 6.) Owner and occupant holds the true value and what a buyer is willing to pay for it.


Does adding your name to a deed make you liable for payment?

It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.

Related questions

Is it legal to be posting political signs on residential building?

Yes, with permission from the building's owner/occupant.


Owner of super daqS Lafayette la?

Jermain Martin Freddie Glover


Does the owner of a section 42 LIHTC apartment complex have to pay for reasonable accommodations for disable indiviuduals?

It depends on the financing sources used to develop the property. If federal funds are used then the cost of accommodations are the responsibility of the Owner. If the funding sources are private, then they can require the occupant to cover the cost and even require the occupant to set aside funds to return the unit to its original condition. It depends on the financing sources used to develop the property. If federal funds are used then the cost of accommodations are the responsibility of the Owner. If the funding sources are private, then they can require the occupant to cover the cost and even require the occupant to set aside funds to return the unit to its original condition.


What is the Inchmaree Clause?

The Inchmaree clause is a coverage in marine insurance that protects the vessel's owner from property damaged or destroyed by the crew's negligence.


Can a bank call the home loan because you rented the home?

Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.


Does the boyfriend have to leave the house if the mortgage holder dies?

Yes. All of the power is in the hands of the mortgage holder or owner. Example: a lease holder can ask an occupant to leave as it it thier dwelling (more or less though it belongs to the owner). But if the occupant also were on the lleases then it is a dispute that must be settled legally to decide whos name can be removed fom said lease.


How do you satisfy reversionary clause?

A reversionary clause provides that the grantee must fulfill some obligation or restriction or the property reverts back to the former owner. To 'satisfy' the reversionary clause you fulfill the obligation


Breaking into a house?

You dont,It is illegal and you will be arrested and go to jail,or worse you could be shot and killed by the owner/occupant for doing so...


Who had the first no trade clause in the NHL?

The first no trade clause in NHL history was given to Darryl Sitter. However a few years after he had it, he waived it after his relationship with team owner Harold Ballard deteriorated.


Can a horse owner get liability insurance to protect from a horse getting out of the fence being hit by a car and an occupant being killed or injured?

There may be this sort of insurance through a home owners policy.


What does the oval ninja sticker on a car mean?

The occupant/owner of the vehicle suffers from TPS (Tiny Penis Syndrome). The driver should be considered dangerous as he obviously thinks he is better than what he actually is


2 people are on a deed and 1 vacates what are the rights for the remaining occupant?

Both own the land until one conveys their interest to the remaining co-owner. The remaining co-owner should arrange to buy out the other party. You must get a deed in order to have clear title to the property.