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BankersOnline.com Forums Banker Forums Need to Remain Anonymous Occupancy Status
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#2164006 - 02/11/18 08:21 PM Occupancy Status
Anonymous
Unregistered

If I form an LLC and apply and purchase a home as the LLC, but I live in the house is this considered owner-occupied? I am under the impression is it non-owner occupied because the LLC owns it?

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#2164012 - 02/12/18 03:14 AM Re: Occupancy Status Anonymous
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
I agree. If the LLC owns it, anyone lives there is not an owner.
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David Dickinson
http://www.bankerscompliance.com

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#2164853 - 02/15/18 11:44 PM Re: Occupancy Status Anonymous
SMQ, CRCM Offline
Power Poster
SMQ, CRCM
Joined: Apr 2001
Posts: 4,828
Between the lines
Commit to memory -- companies do not live in houses, people do.

The HMDA version of "companies do not cash checks, people do"
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NOLA is my Beach!

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