HUD Properties/HUD owner Occupant


I was wondering if 2 people (friends) purchase a Hud home together as owner occupants and both names are on the house, is it a rule that both owners have to live there for the 12 month period?

I believe so.  There may be exceptions for special cases but normally whoever is on the deed should be living there.

HUD always offers houses to owner occupants first and only to investors after the house has been on the market for a while.  This has meant the investors often never got a chance at buying these houses.

The reason for this occupant rule is that some investors in the past would have a relative/friend occupy the house.  They would then buy up a number of HUD properties this way when a person is really only supposed to be able to buy one as an occupant.

I would contact HUD direct and outline the situation to see if this rule would apply in this situation.  This tends to be case by case.

Good luck.


HUD Properties

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Steele V. Propp


I can answer most foreclosure related questions. Buying, selling, the process of foreclosure, Loss Mitigation, Short Sales, etc. Both for HUD and VA homes as well as conventional foreclosures. I work 100% in the Foreclosure arena, dividing my time equally between consumers going through foreclosure, people interested in buying foreclosures (investors and those looking for a home of their own for lesser cost), and with the lenders doing foreclosures. This unique three prong approach allows me to see all three sides of the typical foreclosure scenario. Our goal is to offer advice and create a win-win-win situation.


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