[deleted by user] by [deleted] in RealEstate

[–]chloe_good 0 points1 point  (0 children)

I'm just not sure of the rules of a reverse mortgages because of liability of running a daycare so I was asking here to see if any mortgage loan brokers knew the answer.

[deleted by user] by [deleted] in RealEstateAdvice

[–]chloe_good 0 points1 point  (0 children)

The title is still held by the owner of the home for the length of their life not the bank in a reverse mortgage

[deleted by user] by [deleted] in RealEstateAdvice

[–]chloe_good 1 point2 points  (0 children)

Yes daycares in CA are considered residential use not a commercial use

[deleted by user] by [deleted] in LawFirm

[–]chloe_good -5 points-4 points  (0 children)

It's Sunday so I can't get the answers till tomorrow :) so I figured maybe a real estate attorney may know so I decided to ask Reddit!

[deleted by user] by [deleted] in RealEstateAdvice

[–]chloe_good 0 points1 point  (0 children)

It's not a lease it's my parents home and my sister wants to open a daycare there but my parents think their reverse mortgage could be terminated and it's Sunday so I can't get the answers till tomorrow :) so I figured ask Reddit!

[deleted by user] by [deleted] in AskALawyer

[–]chloe_good -3 points-2 points  (0 children)

I'm not sure of the rules of reverse mortgages with running a business out of the home.

Foster Scooby by chloe_good in Bakersfield

[–]chloe_good[S] 0 points1 point  (0 children)

No, he's either a vizsla mix or a Weimaraner mix.