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Updated almost 9 years ago on . Most recent reply

User Stats

133
Posts
37
Votes
Robert Andrade
  • Construction Trucking Owner / Operator
  • New Bedford, MA
37
Votes |
133
Posts

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?

Most Popular Reply

User Stats

462
Posts
199
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Brit Foshee
  • Investor
  • Fort Myers, FL
199
Votes |
462
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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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