@Felix Sharpe - I've always thought that anything outside of class-A prime areas could sit empty for what seemed like ridiculously long periods. 

I have a question for all the BP experts.I am fully aware (and abide by) all owner occupant requirements when dealing with any type of government owned/marketed homes (HUD, Homepath, etc).However - I ran across a new listing today that is simply bank owned (national lender) in which they are forcing a 14-day owner occupant only period.  

That does not qualify.There's no statutory holding period but the pattern and nature of your activity will demonstrate whether your intent was to hold the property or to resell it.

The defense against not having a clearing arrangement is typically the buyback period for failure to deliver the require documents within a set period of time.  

The table shows that Cleveland has zero population growth, a reduction in jobs in that period and a low median household income.

LINKIn other words, if the lease provides for a grace period before a penalty applies, then the landlord cannot file for eviction before that grace period expires.

The "option" grants the grantor the exclusive right to buy that home for a specific price, over a specific period of time.

Income limits, as well as retaining home for a certain period of time come into play, but if you were to retain/rent and jump to another property.

@Duc Ong for Homepath.com properties, you have to wait until the 1st look period has expired, which is 21 days.

If it was a mortgage foreclosure it would be the same as them being the highest bidder.Struck Off properties can almost always be bought from the entity at anytime for the auction amount.Once the redemption period is over the property will be sold as a "re sale" property.