Legal Question in Real Estate Law in Kentucky

In the state of Kentucky what is the legal definition for meeting the criteria of permanent residency as required by some lending institutions as a condition for obtaining a mortgage.


Asked on 5/23/11, 2:52 am

1 Answer from Attorneys
Andrea Welker Welker Law Office

I don't believe there is one. There is a regulatory definition of residency for the purpose of college admission and tuition assessment, but I am not aware of one pertaining to financing. Likely if there is a requirement by the lenders, it is merely their own policy and they will define permanent residency themselves. It would be best to ask the particular lender you intend to use for specifics on their qualifications for obtaining a mortgage.

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Answered on 6/08/11, 8:43 pm


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