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Updated almost 4 years ago on . Most recent reply

User Stats

35
Posts
22
Votes
Ryan Newport
  • Investor
  • Meriden, CT
22
Votes |
35
Posts

FHA now and Evict Later with Moratorium ending?!

Ryan Newport
  • Investor
  • Meriden, CT
Posted

Hey all, 

Curious to hear some feedback here and see what people's takes are on the topic. I'm currently seeking a house hack with an FHA loan, so of course two of the requirements are that I live in it for a year and move in within 60 days of closing.

I've been steering away from completely filled properties, even if tenants are on month to month leases, because the general consensus I had gotten earlier this year was that it wasn't possible to evict people or move them along. By steering away I mean that if a seller doesn't come back saying they're willing to make a unit vacant on close, then I've been moving on without making an offer. 

My two questions are this: 

1. Is it easier to evict someone, even IN the state of the moratorium if say one's FHA offer is accepted, the property becomes my primary residence and I am then required to live there. I would think there would be some different regulations for this scenario vs. a straight out non-occupied investment property. (And if anyone has insight please do let me know, get in touch, and provide any links if possible!)

2. With the moratorium coming to an end soon anyway (I live in CT and its currently scheduled to end May 20th), should I be switching up my criteria and putting in FHA offers even if properties are completely filled.

Appreciate any and all Insight! 

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