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Updated over 7 years ago on . Most recent reply
Getting around HUD owner-occupant rule?
Anyway to get around the stipulation?
Thanks!
Most Popular Reply

Nope. Any violation of the owner occupancy requirement is considered fraud and comes with a heavy penalty including jail time. In fact, most loan packages include an owner occupancy affidavit, as well as a copy of the FBI Fraud Warning that are both required to be signed by the Buyer.
So, not worth the risk. Sorry.
Just curious....what are you trying to accomplish...making a purchase with less down?