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Is it a crime to rent my house if I haven't finished paying my mortgage?Im leaving the...

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shadowb1 | eNotes Newbie

Posted May 4, 2008 at 7:50 AM via web

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Is it a crime to rent my house if I haven't finished paying my mortgage?

Im leaving the country for a while and I wont be able to pay in those monthes and I dont want to lose my house

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gbeatty | College Teacher | (Level 1) Educator Emeritus

Posted May 4, 2008 at 9:42 AM (Answer #1)

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No. So long as you continue to make the required mortgage payments, it is quite legal--and common--to rent a house before you've finished paying off the mortgage.

 

 

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prospero | College Teacher | (Level 2) Adjunct Educator

Posted May 12, 2008 at 12:56 PM (Answer #2)

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 Make sure that you keep paying those mortgage bills while you are gone.  And how will your tenant pay you? 

Consider checking with your bank about automatic payment options.  And consider talking to a real estate agent about helping you through the process.

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