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Updated over 3 years ago on . Most recent reply

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24
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Phillip Henderson
  • New to Real Estate
  • Oklahoma, USA
10
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24
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House Hacking Delimma

Phillip Henderson
  • New to Real Estate
  • Oklahoma, USA
Posted

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

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2,281
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Jason Wray
  • Banker
  • Nationwide
1,286
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2,281
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Jason Wray
  • Banker
  • Nationwide
Replied

@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.

  • Jason Wray
  • [email protected]
  • 727-637-4289
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