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owner-occupant

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owner-occupant

An owner of real property who also uses that property for his or her own business purposes.The truism is that owner-occupants will pay a higher price for real property than investors, because owner-occupants have limited choices for an ideal location, while investors may place their money anywhere. Contrast with an investor, who owns property in order to derive rental income from it.



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com are purchased by owner-occupant buyers, which helps to stabilize neighborhood values and create future wealth for American families through homeownership.
The borrower must be an owner-occupant of a detached house, condominium, duplex, triplex or four-unit residential property, although in some cases the property may be a vacation or second home or even an investment.
Owner-occupants are given first refusal in the auction, and brokers and investors participate in the bidding of the HUD properties not selected by owner-occupants within a ten-day established period.
 
 
 
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