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Updated over 3 years ago on . Most recent reply

House Hacking Delimma
Good evening BPers,
I have run into a delimma while attempting to house hack. I found a duplex with one unit leased and the other unit empty. I put in my offer and got it accepted. While working out my loan and doing my due diligence, the seller filled the second unit. I was going to use an fha loan to aquire this property. What options do I have?
Thank you for your time and advice,
Phillip
Most Popular Reply

@Stephanie Ro To be honest I would either have to say a seller who did not have enough faith that the FHA loan would close on time or at all might be one reason. The other reason would be to collect a quick first, last & security and not give a you know what about the outcome. I have seen a lot of bad situations and although I cannot speak for the seller I can offer what I seen in the past. Either way its a pretty crappy move by the seller if they are under contract.