John Parrett, whose RealNet USA Inc. brokers dozens of HUD home sales a year in Florida, says he’s confused. Much of Orlando-based RealNet’s HUD business involves helping nonprofit organizations find homes to buy and then sell to investors. RealNet also has offices in Tampa and Fort Lauderdale.
But when HUD began investigating Florida nonprofits for doing just that — a violation of the agency’s policy that nonprofits must sell to owner-occupants — Parrett asked for a meeting at the HUD Homeownership Center in Atlanta, which oversees the southeastern U.S. and the Caribbean.
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