Does anyone know how I can keep the same mortgage company, Washington Mutual, and sell or even rent out my home? I called the mortgage company and they said in order to keep my mortgage (30yrs @ 4.75%), it has to be my primary residence. Then she said, “well there’s no way we would know if you rented it out”. So if I decide to rent my home out so I can purchase a foreclosure and begin to take advantage of the real estate tax laws and move every 2 years how can I keep my current mortgage company?
And if I do rent it out without Washington Mutual knowing about it, is it illegal or just breaking one of their rules?