Renting Home Might Be Violation of Mortgage
Don Walker and his wife are trying to sell the home they bought 15 years ago in Julington Creek – but getting an offer these days is a challenge.
“I put it on the market and these times have not produced a buyer. I can’t sell it, we have dropped the price $100,000 and still couldn’t get lookers,” says Walker, who is moving with his wife to Ocala.
Looking at alternatives in a tough market, Walker decided to rent the home under a lease/purchase agreement — that is until his lawyer told him he couldn’t.
Full story is available on First Coast News
