Freddie Mac Home-Owner Occupied Purchase Terms

[Jacob Hollen]

Hi all, I am about to close on a Freddie Mac owned foreclosure, I am paying cash for a quick close (multiple offer situation) and the property was grossly underpriced from what I gather from the inspection, my question is since it was a homeowner occupied contingency purchase (first 21 days before non-owner-occupied are allowed to bid) how long must I hold the property before I am allowed to lease or sell it? TIA !