Posted on: 24th Oct, 2007 06:46 am
Need a brief explanation about occupancy status it's types and criteria's
Owner Occupied - means you live there and intend to live there
2nd Home- Lake home, Cabin, Residence in another city or state where you live part of the time. (vacation home)
Investment (Non Owner Occupied) - you rent or intend to rent the property out in order to recieve rental income from it.
2nd Home- Lake home, Cabin, Residence in another city or state where you live part of the time. (vacation home)
Investment (Non Owner Occupied) - you rent or intend to rent the property out in order to recieve rental income from it.