Posted by Carol on December 08, 1998 at 21:03:13:
What do I know? My guess is that their home was purchased with an owner occupant VA loan, however, to the best of my knowledge, one is not required to live in it forever.
I own a property purchased with an FHA owner occupant deal (HUD repo), but after living in it for a couple of years, we decided to move, and it has been leased ever since.
Hopefully someone who knows will respond, but my guess is that the good folks are ill-informed… and operating on the assumption that once and owner occupied always and owner occupied.
Suggest that someone check into it.