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Request Occupied Conveyance
Below is a message we received from HUD in regards to Request For Occupied Conveyance program. There likely is more to the program then this but this will be a good reference on what may be acceptable. This program appears to not be for everyone but could offer tempoarily relief for when HUD retains rights to the property after foreclosure in certain circumstances. if a 3rd party purchase the home then this likely is not an option.
“Occupied conveyances are submitted for approval after the property has been foreclosed on and HUD typically only approves them if they have a letter from a medical doctor stating that the borrower could pass away due to their health condition if they were moved out of the house, and we will allow them to rent the home back ONLY for up to 3 months just to give them additional time to move.”
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