owner-occupant

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.

Mentioned in ?
References in periodicals archive ?
In all but a handful of MSAs, the percentage decline in non-owner-occupant lending between 2005 and 2010 exceeded the decline in owner-occupant lending (figure 3).
To move that bulging inventory, both companies have begun time-limited sales campaigns with significant incentives for new owner-occupant purchasers -- no investors allowed -- and even extra cash for the real estate agents who bring buyers to the table.
Blumenkehl added, "As a result of the lesser interest in these large homes today, our fund is more focused on acquisitions of smaller single family type homes between 1500 and 2200 square feet and multi-family homes that meet owner-occupant criteria.
This pilot program required a judicially supervised "conciliation conference" between the owner-occupant of residential property and the lender or mortgage servicer before the property was eligible for a sheriff sale.
Whether a tenant or owner-occupant, an expanding business must consider whether growth in place is possible as well as whether additional space is available.
Purchase of the building makes Summit Bank a landlord as well as an owner-occupant.
New buildings are not approved over known underground mines except when the owner-occupant agrees in writing that they will hold the County and its employees harmless, and will accept all responsibility for any events growing out of this requested approval is development approved.
Hispanic homeownership grew by 288,000 units in the third quarter of 2011, accounting for more than half the total growth in owner-occupant homeownership in the United States.
During the FirstLook period, owner-occupant or public entity buyers are able to submit offers on HomePath properties, giving them the opportunity to purchase homes without competition from investors.
When considering potential stabilization of the housing market, it is important to divide the market into two segments: 1) owner-occupant (FHA-financeable) and 2) investor (cash-only) properties.
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.
Of the some 32 owner-occupant households comprised of approximately 80 persons, more than 75 percent have low or moderate incomes.