Can a non-occupying borrower on a property that was foreclosed upon, repurchase the same property from HUD?

Former Non-Occupant Borrowers of FHA-insured Mortgages, whose Default resulted in HUD’s payment of a mortgage insurance benefits claim to a Mortgagee, are prohibited from repurchasing the same Property that secured the FHA-insured Mortgage.
 
For policy information see Handbook 4000.1 Section IV.B.2.d.vi.(D)at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
 

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03686