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Updated over 8 years ago on . Most recent reply
Bob MaleckiPoster
#5 Tax Liens & Mortgage Notes Contributor
#5 Tax Liens & Mortgage Notes Contributor
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- Kingston, WA
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Non borrower occupied not to borrower occupied?
Bob MaleckiPoster#5 Tax Liens & Mortgage Notes Contributor
#5 Tax Liens & Mortgage Notes Contributor
- Investor
- Kingston, WA
I'm working with a seller of a note who is selling a note on a SFR in N. Carolina. He sold the home and carried paper to an investor who bought it for a rental. We are looking to buy the note but the seller just informed me that his borrower now wants to move in and occupy the property. I'm looking for any recommendations/thoughts on what the current note holder needs to do to comply with CFPB on this one before we buy the paper, thanks.