Still in the beginning of the process and saving for my MRF which I expect to have in March.
I’m excited but I want to know more about this $25000 lien. I’ve read in the forum that it’s easy to get released from the lien and as of right now, I expect to be in the home for at least 5 years if not more. However, I’m young and since life happens I’d like to throw out some hypotheticals.
If I decide before the 5 years to relocate to a new state for a new job , is that reason enough to get released from the lien?
While I love my current situation, things change unexpectedly and I don’t like the idea of being “stuck” if I become unhappy later on. So I’m just seeking more clarification on how this lien may or may not hold me back
Yes. The process is simple. The issue is finding a bank/title company that wants to go through the process. I wouldn’t worry about it. Naca will make it happen if as you say you get relocated for a new job. The rule is to help prevent flipping for profit. They won’t penalize you for life changes.