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The Office of Inspector General (OIG) conducted an audit of Opportunity in Living (OIL), Centennial, CO’s participation in the U.S. Department of Housing and Urban Development’s (HUD) Single Family Property Disposition program.  Our audit objective was to determine whether OIL’s purchase of HUD-owned homes during the exclusive listing period violated HUD regulations at 24 CFR (Code of Federal Regulations) Part 291. 

We determined that OIL did not violate HUD requirements at 24 CFR Part 291 when it purchased HUD REO properties at a nondiscount during the exclusive listing period.  This memorandum contains no recommendations.