General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
One year occupancy required?
Hello,
My brother and I recently purchased a duplex that was going to serve as his primary residence. Because of this, we applied for a "primary residence" loan. Since we bought the property, our dad became sick and my brother will now be living at home with him instead of moving into the new duplex. What are the laws around dealing with this in regards to the one year occupancy requirement on our mortgage?
Thanks for any help.