Posted by Redline on June 06, 2000 at 21:41:27:
Technically when you sign the closing docs on a house you’ll live in it says you agree to move in within x days and live there for atleast x amount of time…my closing docs did.
Now, if you want to up and sell at any point who is really going to stop you? As long as there’s not a clause in the contract that prohibits repayment of the loan (even this can be worked around, right?) before a certain time you should be fine.
The only thing I can think of is, alot of people here say that some lenders will not loan on a property that has not seasoned for atleast a year. So that means if your new buyer is applying for a mortgage they may have a problem. That you’d have to check on with your local money boys.