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We investigated allegations that John Sherman violated U.S. Department of Housing and Urban Development (HUD) real estate-owned (REO) owner occupancy program requirements.  The Cincinnati HUD Office referred the complaint to our office.  Our investigation revealed that John Sherman failed to comply with the HUD REO program requirement that an individual who purchased a REO home during its initial offering period must be the owner-occupant of the purchased home for one full year.  We referred our results to HUD’s Office of General Counsel for action.  To resolve the matter, HUD accepted a settlement agreement from Mr. Sherman, in which Mr. Sherman admitted that he never lived in the subject property or ever intended to do so after the purchase.  He paid $7,500 to HUD to resolve the matter, the maximum recovery allowed under the Program Fraud Civil Remedies Act for a false statement.