Fannie Mae Foreclosures? HELP??
I recently seen a post and the people that posted didnt seem to happy with fannie mae foreclosures. Im thinking of purchasing one very shortly to fix and flip. But im not sure if thats a smart thing to do.
How is fannie mae with this?
Anyone here want to share there stories, or past experinces with fannie mae foreclosures?
Anyone know how fannie mae operates?
Can I use the 203k investor rehab loan on this?
Anything you wanna add?
Thanks
Shane Rochester
I replied two other posts about fannie mae, so I am sure you read those already. The best advise I can give you is to get a real estate agent who has a lot of experience in dealing with fannie mae. I will tell you flat out they are extreamly strange. They will not deal with you in a good faith, or they don't do anything in a conventional way like giving you a counter offer in writing. We are closing a fannie mae foreclosure tomorrow, but it has been a pain. If this property you are talking about is a good deal, you should go ahead and make an offer with a good and experienced real estate agent help. Good luck.