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Proof of residency

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j mack Guest	Posted: Fri Jan 14, 2011 10:32 pm    Post subject: Proof of residency Like 0 Dislike 0 when getting a modication does the person physically have to live at the home that is being modified. (owner of two properties)
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Sat Jan 15, 2011 12:25 am    Post subject: Like 0 Dislike 0 Hi j mack, It will be easier to get a mortgage modification for the property in which the borrower lives. It will be a bit difficult for the borrower to qualify for a loan modification for the rental property. Thanks
unab Joined: 25 May 2011 Posts: 68 9.62 Dollars($)	Posted: Sun Jun 12, 2011 8:36 pm    Post subject: Like 0 Dislike 0 It is good if the borrower gets a modification for the property in which he lives.
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Mon Jun 13, 2011 10:04 am    Post subject: Modification Like 0 Dislike 0 If the original mortgage was done as an owner occupied mortgage, you probably need to live in the property to have it modified as an owner occupied mortgage. We can "think" whatever we want. Just ask the lender. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Wed Jun 15, 2011 11:38 am    Post subject: Like 0 Dislike 0 Thinking by a borrower is usually dangerous, as borrowers tend to try to intuit what their lender has in mind, or even out-think the loan officer, processor, underwriter, etc. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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