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Updated about 10 years ago on . Most recent reply

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7
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Brittany Franken
  • Carmel, IN
0
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7
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HUD Owner Occupant bid question

Brittany Franken
  • Carmel, IN
Posted

There is a house I am interested in bidding on and currently the HUD property is only accepting owner occupant bids. If my brother and I bid on this property (full asking price cash offer) with the (honest) intention that my father live there for a minimum of a couple years but likely more, would this still be considered "owner occupancy"? Obviously my family wants this home, but it's very important for us to stay within the HUD regulations and will risk loosing the opportunity to buy the house by waiting until the investor bidding is opened if it means keeping within those regulations.

Thank you. 

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