Be an owner occupant.4155.1 4.B.2.b FHA Requirement for Establishing Owner OccupancyAt least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied.

In my case, the transaction is handled by an attorney and like Virginia the security instrument is a deed of trust.

First, for a wholesaler the contract is an extreme important instrument to structure a wholesale deal.

I guess the fundamental question here is: do the seasoning requirements apply based on the deed, regardless of how the deal was funded, or is it based on the instrument?

With push to raise minimum wage to $15/hr, some of the jobs that are so instrumental for kids to enter workforce will disappear as technology will replace them.

If there is no AOM of record, then revert to the lender in the security instrument.

Just because a form is common, does not mean it is proper for the transfer and layman might not be wise to the nuances between instruments and that eventually have a substantial impact.The bankruptcy look back event and the idea of excessive equitable value certainly speak to offset much of what folks believe they can do with borrowers and taking title to be advantaged from the additional equity within the subject property.

@Lew Payne  48.23, paragraph (3) seems to state that the action must be based upon a recorded instrument, as in a mortgage I would think.  

Giving them a PG of any kind is like giving a hungry dog a meaty bone and you will bear witness to this when you try make any changes, sorry to tell.In my experience, the simplest way to vacate a PG is to restructure the loan instrument.

This could also be driven by some form of defective collateral (security instrument and note) that prevents a clean foreclosure.