Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago on . Most recent reply

User Stats

32
Posts
1
Votes
Tyler J.
1
Votes |
32
Posts

Selling House and signed Fannie saying Owner Occ??

Tyler J.
Posted

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!

Loading replies...