Hello! My name is XXXXX XXXXX I look forward to helping and providing information to you today.
I appreciate your concerns about your situation. Legally if the rider prevents you from converting the home to your primary the lender could accelerate the loan. Typically this is to prevent a homeowner
from renting one of the two houses owned. However, even though the lender may have a legal right the reality is they do not accelerate loans on the second home rider covenant.
You have a change in circumstances, you now only own one of the homes you are not using a favorable interest rate to hold an investment/rental company and you are making your payments on time. You are obligated to provide them updated mailing information. If for some reason they attempt to accelerate you can either refinance or retain a local attorney to fight it.
Hope this helps and you find it consistent with the first opinion you received. Please note that you are asked to rate my courtesy and professionalism, and not whether the answer supports your legal position. If for any reason you feel that a 2 or 1 rating is appropriate, please first give me the opportunity to address your concerns.
All states have intricacies in their laws and any information given is simply information only and specifically is not intended to be, nor does it constitute, legal advice. This communication does not establish an attorney-client relationship with you.