Getting around HUD owner-occupant rule?

[Von S.]

Anyway to get around the stipulation?

Thanks!

[Cara Lonsdale]

Nope.  Any violation of the owner occupancy requirement is considered fraud and comes with a heavy penalty including jail time.  In fact, most loan packages include an owner occupancy affidavit, as well as a copy of the FBI Fraud Warning that are both required to be signed by the Buyer.

So, not worth the risk.  Sorry.

Just curious....what are you trying to accomplish...making a purchase with less down?