I bought a Freddie Mac OO first look house now Kroger wants to buy it (can I sell legally)
My wife and I just bought a Freddie mac home steps house during the owner occupied period. We closed last thursday. I needed about 3 weeks to paint and do some work to the house before moving in, so we have not yet moved in. I have however already signed a lease on my current home to rent it beginning December 1st so i was planning on being in to this new house on or before December 1st.
This evening I had a agent of a commercial developer came knocking on the new properties door while I was doing some painting. He said they would like to make a generous offer of 2 times what I paid for it. after talking to several neighbors this evening I come to find he has been negotiating deals with all surrounding houses. So my question to you is am I legally able to sell it so soon?
I signed the lengthly owner occupied addendum Freddie mac provided.
I will be running this through my RE attorney tomorrow, but love to hear the advice of this great community.
Something to note is I do not have a mortgage on this property.