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Updated about 8 years ago on . Most recent reply

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Eric Copeland
  • Fayetteville, GA
0
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Relative as an agent for HUD home purchase

Eric Copeland
  • Fayetteville, GA
Posted

Can a relative be the buying agent for a HUD home purchase?

Most Popular Reply

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Greg H.
  • Broker/Flipper
  • Austin, TX
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied
Originally posted by @Eric Copeland:

My wife's broker is stating that is against HUD policy for a spouse being a buying agent for their spouse. I have not found that on the HUD website yet

Is your wife's broker a listing broker for HUD ? Meaning that they are the listing agent for HUD properties. If the Broker is a HUD listing broker, then all their agents as well as there immediate family are not eligible to purchase a HUD home even as an investor

If they are not a listing agent, there are absolutely no limitations.  I have bought hundreds and represented myself(I cannot collect a commission if I represent myself) and my wife has purchased a couple with myself as the broker

  • Greg H.
  • Loading replies...