Freddie Mac First Look Initiative.... for vacant land?

[Laura L.]

Hi there,

I'm wondering if anyone has experience with Freddie Mac First Look properties that are vacant land. How do the owner occupancy rules apply in this case? Would the buyer be required to buy the house and live in it within a certain amount of time?

The property used to be a SFH, but was demolished some time prior to listing, possibly months or years ago.

Any insight would be appreciated!