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What about HUD homes ? Investor vs Owner Occupant

April 9, 2014

Often there are some seemingly good deals you may see either in the MLS ( ) or on

Sometimes they appear on one but not the other.

There are general guidelines:

  1. Most often the deed listed buyer must occupy for at at least 1 yr and cannot buy another for 2 yrs. subject to $250k fine and jail time.
  2. They are as is period. You pay to turn on/off utilities and rewinterize any plumbing inspection.
  3. Since they are as is – your min. $500 – 1000 deposit will not be returned.
  4. Bids are usually open for 10 days, then decided on daily for the next 5 days.
  5. At 15 days on market, there is a possibility for investors to bid.

For more reading:


One Comment leave one →
  1. May 4, 2014 2:05 pm

    Thank you for the link! I would Dd owner occupants can get their earnest money back in some cases.

    Investors can buy as many hiss as they want, but owner occupants can only buy one every two years. It is a tricky system!

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