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I havent heard of the 18 month rule, but do know about the 24 month OO rule. I assume that you meant LESS "....than 18 months since seller occupied property....". (If the rule is you can't buy another HUD home as an OO within 18 months of purchasing, then "...MORE than 18 months..." would be ok, right? What am I missing?)
But your right, short sale v. foreclosure would be more important than the rule. There is good news and bads news. The bad news is that HUD is a bureaucratic organizations and can be sticklers for "rules". The good news is that HUD is a bureaucratic organization and, with proper coercion, will overlook rules.
I havent heard of the 18 month rule, but do know about the 24 month OO rule. I assume that you meant LESS "....than 18 months since seller occupied property....". (If the rule is you can't buy another HUD home as an OO within 18 months of purchasing, then "...MORE than 18 months..." would be ok, right? What am I missing?)
But your right, short sale v. foreclosure would be more important than the rule. There is good news and bads news. The bad news is that HUD is a bureaucratic organizations and can be sticklers for "rules". The good news is that HUD is a bureaucratic organization and, with proper coercion, will overlook rules.
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