I moved two years after having a First Time Homebuyer Bond Loan and rented out the house, what can I do?

2 Responses to “I moved two years after having a First Time Homebuyer Bond Loan and rented out the house, what can I do?”

1. Butta says:

   November 26, 2010 at 1:25 am

   what to do? i have no clue…

   Many finance companies do not allow forwarding on certain documents. If you placed a forwarding order with the P.O. and they mailed you something — the P.O. would have to return it to them. Possibly this is how they know.
2. teran_realtor says:

   November 26, 2010 at 1:44 am

   Either move back in to the house and place it for sale. Eventually you will have enough equity to price it so it sells. OR, re-finance it (so it is no longer under the bond program) and then you can do with it as you please.

   Recognize though that the bond program is our tax dollars at work, helping out someone who otherwise can’t buy a house. Well that’s not you anymore. I don’t think you’d like the idea of paying for someones (food, clothing, house, beer, etc) because “they need the help” only to find out later that they kept on taking the money after they no longer needed the help….

   I’m NOT acusing you of purposefully taking advantage of the system – I understand that your situation has changed – that is a good thing. But you should refi to give back the money now that you don’t need it.

   BTW – Did I read your avatar and question correctly? RYAN has now moved in with his husband?

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