Asked by Sandy Cumming, Ferndale, MI • Mon Jul 25, 2011
We're trying to buy a second home in an area where most houses are HUD or Fannie Mae/Freddie Mac. We are absolutely NOT going to rent it out. We need another home to live in 8 days a month to visit my boyfriend's kids in a town 2.5 hours from our main home. We're getting push back from real estate agents who say we can't bid on the homes during the First Look Initiatives because it isn't our primary home. But, I thought that was just to keep Investors/Rentlords out for the first 2 weeks. Can anyone clarify the rules and/or let us know how we can work around them?
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