Updated over 9 years ago on . Most recent reply
FHA Q:
If you purchase a multifamily that is occupied, I understand FHA gives you 60 days to take occupancy of one of the units. What happens if you cannot get the tenant out within the 60 days? Can you apply for extensions? Are there penalties?
Most Popular Reply
I would consult an attorney for concrete advice, but I would suggest that intent plays a big role here. If you have documents proving that you attempted to take occupancy, I can't see FHA messing with you.