It will state whether or not your bid was placed as an owner-occupant or investor in line 8 of the contract.Additionally, upon approval of the contract package, your agent will receive an email with the entire package signed by HUD's authorized representative.I have placed bids for purchasers in the past as investors who intend to live in a property because they may choose to sell the property and still be able to utilize their ability to purchase a HUD home as an owner-occupant.

I would need some proof of funds, not a statement of $12,000 in the bank today that might have been a loan from a friend for this purpose, but a bank letter saying how much average balance over last 3 months to reflect this isn't a sudden deposit.Since she said "going back to school" and she is in her mid 30s I assume she has an employment history, so tax returns and prior employment is to verify her ability to earn, unless she's been a house wife and never worked and now is divorced and living on alimony so that would be "other income".Escrow may be an answer.I am asking 3 months to move in anyways (first, last, security) so it's higher up front cost to move in.

The answer totally depends on your ability to place the money in an alternative investments that yields at or better your current yield.

I am a pisces...I have the ability to read people well.

@Andy Robison - does equity affect the ability to get a mortgage?

The texture on it is even remarkably close to hardwoods to the naked eye but once you feel it you can definately tell its tile.

He is completely on point with his remarks.

Aside from lack of ability to re-pay due to no job.

And @Wayne Stegeman your Pro Basic membership gives you the ability to post under Marketplace at no additional charge.

Coverage at RC (Replacement Cost---gives you the ability to recoup the initial depreciation that is levied against the settlement by simply completing the repairs) that waives any co-insurance requirement may be the best of both/all options, too.