Ben, Home Buyer in Apple Valley, CA

Can a buyer purchase a REO Home using a FHA Loan, while the previous Owner's Occupy, ( in the process of eviction) ?

Asked by Ben, Apple Valley, CA Fri May 28, 2010

Can a buyer purchase a REO Home using a FHA Loan, while previous Owner's occupy? (In the process of eviction)!

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(Gilbert) Lee…, , Phoenix, AZ
Fri May 28, 2010
You can get an FHA loan on any REO or HUD home that meets the minimum property standards required by FHA. Most REO companies and HUD will accept FHA contract offers. All FHA approved lenders can assist with any questions regarding the minimum standards. The one problem with many foreclosed homes is the past owner may have left the home in poor condition, that may require some repairs.
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