Violation of HUD OWNER OCCUPANT rule.

[Huso Akaratovic]

Greetings, This past summer I was monitoring a townhouse that was listed under HUD website that I wanted to purchase. Of course, as an honest person with integrity, I was following the HUD rules and did not bid during the owner occupant phase. I was waiting for the unit to be available for the investors to bid on it. Well, the unit never became available for the investors to bid on it... Apparently someone bought it as an owner occupant. The buyer closed on the property on August 22. Recently, I came across that unit and realized it was being rented out. This made me angry immediately. So, I reached to the person via Facebook market place and started asking questions as a potential tenant. Am I hallucinating, or did this person broke the HUD rules???? What do I do now? Thank you!

[Greg H.]

HUD tracks by social security number for owner occupants and you can only buy once every 2 years as an owner occupant

While you sign a document stating that you will occupy for one year, there is very little, more like no enforcement other than that 1 every 2 year restriction. They will not let you use an investor loan to purchase a HUD property and yes they do verify that

HUD has no deed restrictions