Skip to content
Foreclosures

User Stats

2
Posts
0
Votes
Hannah Rounds
  • Real Estate Investor
  • Raleigh, NC
0
Votes |
2
Posts

Owner Occupant HUD experience?

Hannah Rounds
  • Real Estate Investor
  • Raleigh, NC
Posted Jan 17 2017, 06:01

Hey All,

My husband and I have our eyes on a HUD home. We're considering bidding on it as owner-occupants and renting out our primary for a year. The house in question is about 6 blocks from our current home, and it will meet our family's needs. But right now it needs significant work.

My understanding is that we only have 60 days to move into the home after closing if we try to get the house as owner-occupants. I doubt we can get the house fixed that quickly.

Does anyone have experience working with HUD officials? How willing are they to work with you on that 60 days?

Thanks!

Loading replies...