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Who can be an owner occupant in HUD purchases?

April 26, 2017HUD occupant owner purchases

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Who can be an owner occupant in HUD purchases?

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Owner Occupant is defined by HUD as follows: Any individual(s) who purchases a HUD home as their primary residence for at least 12 months after closing and who has not previously (in the past 24 months) purchased a home from HUD as an owner occupant.