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Updated about 9 years ago on . Most recent reply

Robert Andrade's profile image
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Robert Andrade
  • Construction Trucking Owner / Operator
  • from New Bedford, Massachusetts
  • Member since Aug 23, 2015
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Robert Andrade's profile image
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Robert Andrade
  • Construction Trucking Owner / Operator
  • from New Bedford, Massachusetts
  • Member since Aug 23, 2015
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Robert Andrade
  • Construction Trucking Owner / Operator
  • New Bedford, MA
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Mortgage Brokers & Lenders

FHA Q:

Robert Andrade
  • Construction Trucking Owner / Operator
  • New Bedford, MA
Posted
If you purchase a multifamily that is occupied, I understand FHA gives you 60 days to take occupancy of one of the units. What happens if you cannot get the tenant out within the 60 days? Can you apply for extensions? Are there penalties?
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Brit Foshee
  • Investor
  • from Fort Myers, FL
  • Member since Jun 9, 2012
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Brit Foshee
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  • from Fort Myers, FL
  • Member since Jun 9, 2012
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Brit Foshee
  • Investor
  • Fort Myers, FL
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Brit Foshee
  • Investor
  • Fort Myers, FL
Replied

@Robert Andrade

I would consult an attorney for concrete advice, but I would suggest that intent plays a big role here. If you have documents proving that you attempted to take occupancy, I can't see FHA messing with you.

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