Defining principal residence when there are tenants
Posted: Thu May 20, 2010 4:41 pm
If a debtor resides in real estate that he also rents out, must that be
treated as his/her principal residence, or can it be considered a
commercial asset for lien stripping purposes? Has anyone researched
this? I couldn't find anything on quick look. I suppose it may depend
on whether the character of the property is determined on the date of
purchase, or on the date the petition is filed.
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The post was migrated from Yahoo.