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What happens if we rent out our FHA refinanced home?

Posted by Real Estate Investor on Jul 01 | Real Estate Investing Chatter

We’ve lived in this house for two and a half years and 5 months ago got an FHA refinance. However we may have to rent this house out because of economic problems. Could we get in trouble for this somehow? Our Mortgage is underwater so if they tried to call the loan or foreclose in my opinion that’s their problem…we’re just at that point. Funny thing is we’ve always paid our bills on time and it seems the people who don’t are getting all the breaks., more 
What happens if we rent out our FHA refinanced home?
and When renting an apartment…?  how much should reviews influence your decision?
It seems like every apartment I look at, in the city I plan on moving to, has apartments rated at about 3 1/2 stars. It’s an upper class city, so I don’t know if that makes people more prone to complaining.
**For example- I feel in love with these luxury 1 bedroom apartments. The layout is amazing, and it would include a loft as well. The floor plan is very open, lots of natural lighting, underground heated parking, pets okay, secure/buzzed entry, elevators, two balconies, etc. It just seems perfect. The rent for the space and the location is pretty reasonable at $875. However, people who wrote reviews had some complaints of noise issues, and overall it got a rating of 3 1/2 out of 5 stars. So back to my question.. how much should reviews influence your decision to rent?, more 

and How long does it take to foreclose on a house in California?  , more 

My daughter is having a credit check run to rent a house. how can we how we know when the check was done?  , more 

and give me a idea for a construction company name?  i want to have a name of my company…. it dealt with builders & contractors… i wanna have a decent & techinically oriented name, more 

Tags: bank owned, repossessed, investing advice, property listings

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