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Updated almost 12 years ago, 01/07/2013
Selling House and signed Fannie saying Owner Occ??
So long story short, I bought a house a few months ago that I did intend to live in when rehab was complete. Well one thing let to another and I ran out of money and borrowed a little from family to finish the house. Now it's complete but Im in quite a bit of debt in many ways right now. If I were to sell the house I could pay it all of and make a little profit once its all said and done.
My question is, when I bought the house I signed papers saying that I was a owner occupant and was going to live in the house. Am I going to have problems selling? I did intend to live in the house, but just cannot afford/justify it now.
Thanks!