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Huso Akaratovic
  • Flipper/Rehabber
  • Newport News, VA
54
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127
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Violation of HUD OWNER OCCUPANT rule.

Huso Akaratovic
  • Flipper/Rehabber
  • Newport News, VA
Posted Nov 30 2018, 17:15
Greetings, This past summer I was monitoring a townhouse that was listed under HUD website that I wanted to purchase. Of course, as an honest person with integrity, I was following the HUD rules and did not bid during the owner occupant phase. I was waiting for the unit to be available for the investors to bid on it. Well, the unit never became available for the investors to bid on it... Apparently someone bought it as an owner occupant. The buyer closed on the property on August 22. Recently, I came across that unit and realized it was being rented out. This made me angry immediately. So, I reached to the person via Facebook market place and started asking questions as a potential tenant. Am I hallucinating, or did this person broke the HUD rules???? What do I do now? Thank you!

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