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Pendleton : Real Estate Advice

  • All10
  • Local Info2
  • Home Buying0
  • Home Selling3
  • Market Conditions0

Activity 5
Fri Sep 9, 2016
isaac asked:
Mon Jun 8, 2015
Silcoxtwo asked:
Could this be something particular to Florida or to having Refinanced thru the VA?
0 votes 0 Answers Share Flag
Wed Aug 21, 2013
If the lender can prove you violated a loan agreement then they could potentially call in the note or pursue a judgment against you in court. It's not a victimless crime, just because the big bad bank has tons of money

Bottom line is, if you represented that you were going to occupy the home then you could be guilty of loan fraud. Had the bank known your intent they wouldn't have lent you the money.

Tread lightly Ace, and you may want to consider reaching out to an attorney if you don't intend to pull the house back off the market
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0 votes 4 answers Share Flag
Fri Aug 17, 2012
Alison Hillman answered:
Hey there,

Take a look at Trulia Crime Maps to get a better sense of what's happening in the area:

Stay safe out there!

Ali, Community Manager
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0 votes 2 answers Share Flag
Sat Feb 12, 2011
Rhonda Holt answered:
Hello, you can definitely sell after you refinance but check with your lender just in case there's any policy on time. When you refinance your mortgage the amount you owe will increase so you need to make sure that amount doesn't seriously exceed how much you can sell your home for in this type of market.

As long as you can pay back your lender and pay your other expenses at closes then you have the green light to sell.

I hope this answer helped you.
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