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And I think you need to back off.

And I think you need to reconsider what you think is "ethical."

If the loan was taken out years ago when the poster had every intention of living in the home as their primary residence and in fact did so for years, it is definately not fraud.

Very true. So long as he's living there, it's not fraud. But if he decides "not to tell the bank" because he thinks the bank might consider moving out and converting to rental a breach of contract, that's unethical.

Maybe the bank won't care. In fact, I think you're generally allowed to do this as long as you've lived there at least a year. But if you think it's material, and you're considering keeping it secret because it will affect your agreement, your intent is fraud.

Is honesty with a contractual partner such a difficult concept to understand?

- Gus
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