2 properties, 1 credit, 2 different banks - Posted by steve

import · May 2, 2006, 5:48pm

Posted by steve on May 04, 2006 at 13:58:54:

it wouldnt be fraud if they were both non owner occupied

import · May 2, 2006, 5:48pm

Posted by steve on May 02, 2006 at 17:48:34:

is it legal or illegal to buy 2 properties simultaneously with 1 credit with 2 different banks?

any consequences besides having 2 mortgages. we’re looking to rehab/sell 1 property and rent to own the 2nd property.

import · May 2, 2006, 11:06pm

Re: 2 properties, 1 credit, 2 different banks - Posted by Shaun

Posted by Shaun on May 02, 2006 at 23:06:40:

Just do 1 owner occupied and the other non-owner occupied…otherwise you are committing fraud if you plan on doing both of them at the same time as owner occupied.