HomePath First Look, Investor buy?

3 Replies

Is there anyway for an investor to get around the HomePath First Look period and put an offer on the property?  The "First Look" period is supposed to be for owner occupants or people using public funds to purchase the property.  However, I have seen properties in the past be purchased during an owner occupant phase and then show up as a rental a couple months later so obviously an investor bought it.  Has anyone gotten around this or have any ideas?  

I don't want to do anything shady but I'm just curious to see if I'm missing a strategy out there.

Thanks in advance,

Scott

Nope.  Strong penalties.

I had an offer on a property $3k more than another, but because they were supposedly owner occupants their offer was accepted. That was 5 months ago... The house is still vacant. I don't get it?!

Originally posted by @Scott C. :

Is there anyway for an investor to get around the HomePath First Look period and put an offer on the property?  The "First Look" period is supposed to be for owner occupants or people using public funds to purchase the property.  However, I have seen properties in the past be purchased during an owner occupant phase and then show up as a rental a couple months later so obviously an investor bought it.  Has anyone gotten around this or have any ideas?  

I don't want to do anything shady but I'm just curious to see if I'm missing a strategy out there.

Thanks in advance,

Scott

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