Homepath Penalty

[Mat O'Grady]

Hello All,

Has anyone or does anyone know someone that has had to pay the owner occupant penalty for the Home Path First Look program? Either because they were not moved in before 60 days or because they sold the house before one year?

[Jon Holdman]

If you buy a property that has a "move in within 60 days and live there 1 year" restriction attached to it, then you should move in within 60 days and stay there a year.  Period.  Doing anything else is wrong.  That sort of monkey business gives investors a bad name and get more restrictions put in place.