With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

He is the best personal finance teacher out there.

There is much to learn, but like everything else, doing is the best teacher.

Bryan, the student has become the teacher.

Agreed Jon, thanks.I'm just trying to do what little I can to help my wife and I get ahead. this is our first home and right now she is finishing school and I am a school teacher, so every little bit helps. ;-)

http://www.privatelendingmadeeasy.com/products/Just adding to this thread that there's teachers etc for private borrowing.

Teachers unions allow for subpar schools and an inferior labor pool.

It seems there many teachers here.

wow...and my wife's a math teacher!

We were negotiating something that should have fallen around $10 give or take $5... they're opening request, $250 (teacher had said start high)... our response?