We refinanced our mortgage late last year. We are now looking to relocate in the middle of this year and rent out our place while renting ourselves in the new location. My husband was going through old paperwork and found the Occupancy Certification where we signed that we would reside in our house for 12 months after the refi "unless extenuating circumstances exist which are beyond my control or you otherwise consent in writing. I agree to notify you of any extenuating circumstances, and your consent will not be unreasonably withheld."
What do you think of this clause? Is it enforceable? More importantly, is there any chance of the bank or whomever they resell to finding out if we move 7 months after refinancing? My sense is that this is probably not a big deal, but I wanted the collective wisdom of you all. Thanks.