HUD-Owner-Occupant Rules?

[Julian Barnes]

Hi all...

Just a question for the vets....

I understand that when you BID as an "Owner-Occ", you have to actually occupy the home for @ least 6-12 months BEFORE refi'ing or selling.
And when you BID as Investor and win, you can do whatever, immediately. Refi, Sell, etc.

Okay, got that, but how does HUD know whether or not, you are ACTUALLY living in the place? Do they send the HUDPD out to your door, kick it in, and get proof? It says OO but since I am making payments on the prop, doesnt that entitle me as OO?

Thanks in advance... :mrgreen:

Jugo.
"Big players, make Big plays.."
-John Madden