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Lending companies cannot force a homeowner to live in a home when they have legitimate reasons or even desires to move. However, to get out of the owner-occupancy clause on a primary residence home loan, the owner should be able to prove that they had every intention of occupying the home at the time of purchase.
The Occupancy Affidavit is one type of document that can be used to show that a home was (or is) the primary place of residence for a specified time period. It is a document that is attached to an application, such as a Senior Exemption.
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