But, I think the owner/occupants are not pursuing like they were before the deadline.

If I was an Owner Occupant in this transaction I would have received some or all my EMD back.3.With the EMD amounts only being either $1,000 or $500; HUD should not accept any other amount.4.In standard residential purchases there is always the right to an inspection.

The property will likely be "Exclusive" for owner/occupants or nonprofits for the first 30 days anyway (shorter period if it's not insurable through FHA), so there is plenty of time to do homework and inspect during this period.Looking at how many homes that HUD owns (versus how many are listed) in your market can give an indication of inventories in the near term (same for Fannie, Freddie, and other bank-owned).

Sorry, that should have said the "former occupant died of AIDS or any HIV-related illness."

I am targeting to main groups: Owner Occupants with Equity and Absentee Owners.

They put PM in there and try to puff up occupancy on inflated numbers and sell for an unrealistic price.

I would also call the State Inspection Dept and ask if a Certificate of Occupancy has been issued for your building.

its very close to Northwestern, so I believe above 95% occupancy is no problem.

Your probably going to spend time on an apt building around 1 year in its entirety, working the property to get it back to 90% vacancy. ...William Bannister - It doesn't take any effort to get to the building to 90% vacancy; but I bet it's lots of hard work to get to 90% occupancy. :)

It sounds like you are going after and owner occupant loan and not an investor loan.