Working With Fannie Mae.

Good day, investors.

I have found a good property that is owned by fannie mae for $49,900. The agent said that there would be no problem getting them down to $40k. I know that the property will be worth $65k. I plan to offer $35k-$37k. My question is:

If I make an offer to purchase, with fannie mae being the current owner, do you think that they will accept the assignment clause? If not, will a dual close work for this deal?

I could really use the help. This property might go quickly.

Bigbird.

Comments(2)

  • InActive_Account13th March, 2005

    99% of banks will not accept a contract /offer with an
    assignment . And no chance with a govement agency.

  • mark136913th March, 2005

    Just do the dual close. You should be fine.

    mark

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