@Jon Schwartz that’s accurate but also consider which program you are using.

Jon 

Jon

@Jon Kelly The seller was renting it to her daughter and she just wants to liquidate some of her properties and is considering moving out of state.

Thanks Jon.

Originally posted by @Jon Kelly:@Bradley Sriro "if you have any open claims insurance companies will not write a new policy." 

Thanks for all the confirmation here, @Michael Totman, @Jon S., @Chuy Gonzalez, @William Walker, @Jeff B., @Jd Martin, @Luke H.  

Originally posted by @Jon S.

Congrats on awesome problems Jon!  

You're probably not intending to be fraudulent, however as the Community Manager here, I feel compelled to inform you that lying on a mortgage application, stating that you intend to use the property in one way when you actually intend to use it in an altogether different way, is mortgage fraud which is a felony punishable by up to $1 million in fines and significant prison time.We recently released an episode of the BiggerPockets Money Podcast with @Jon Lallande, where he gave mortgage tips and we touched on mortgage fraud near the end.