real estate


Question by  turbotortoise (15)

Can you purchase a VA house under a FHA load at auction?

I wold like to purchase a home from the court house steps and need more information on the regulations.


Answer by  balaji7hills (35)

FHA HUD is only for owner occupied property. Not for investment/rental. However, if the house is bad you will use it for primary resident, at closing time, your attorney will allocate funds to each contractor who will work on the house. These funds will never go through you.


Answer by  lynn (821)

there are lots of rules about fha loans. the house has to meet certain standards before they will approve the loan for that house. I would talk to your local fha loan officer cause the particular house you want will have to be approved first to use that loan.

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