Hud owner occupied legal loopholes

Hud owner occupied legal loopholes

Fort Mccoy, FL · Member since 2018 · 12 posts · 0 votes

I bought a hud home as owner occupied in Florida.  I moved in but then my life partner died from covid 19.  Are there any legal loopholes that would allow me to sell in less than 12 months so I can move back up north?  If there are loopholes do you have a link to them?

Thank you.

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Greg H.Pro Member
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Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
5y

While you signed a document at closing stating you intended to occupy for 12 months, there is no deed restrictions that prohibit selling the property. Just document tour circumstance and sell the property 

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  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    5y

    While you signed a document at closing stating you intended to occupy for 12 months, there is no deed restrictions that prohibit selling the property. Just document tour circumstance and sell the property 

  • Joshua WattsPro Member
    Rental Property Investor · Chattanooga · Member since 2018 · 137 posts · 142 votes
    5y

    I feel the same. You intended to live there but things changed. Sorry for your loss.

  • Rental Property Investor · Rochester, MN · Member since 2017 · 224 posts · 323 votes
    5y

    @Carl B.

    You should have no issues selling the house. Especially if this is your first one.

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