We have an offer on a property we intend to live in as a primary residence. It's normal for these loans to want occupancy within 60 days.
In this case the seller wants to rent back for roughly 50 days.
That's not a problem for me but what would happen if something went wrong with the move out or they needed another month?
Would we be in trouble with the bank? In trouble with the law? We fully intend to make this our primary residence but I'm curious if we're putting ourselves at legal risk with the short term rent back?