What happens if I don't move in Fannie Mae Property in 60 days? Bought as an owner occupant.
I bought a fourplex from Fannie Mae about 60 days ago as an owner occupant and I have yet to move in. I do plan to live there but I've had two contracts fall through on my house and I have a flip that is taking longer than expected(which ofcourse I should have expected). I need to sell something so that I can fix up my fourplex and move into a unit. What will FNMA do if someone reports me for not moving in by the deadline? I did, and still do, intend to move in but I've had some circumstances beyond my control prevent me from moving. Will they really fine me $10,000 for not being able to move in on time?
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Real Estate Agent Florida (#BK3359135)
- 850-889-0945
- https://www.realtormattj.com/
- [email protected]