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Buying & Selling Real Estate

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Alex G.
  • Eastern Mass & Central Maine
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252
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Condo buying question

Alex G.
  • Eastern Mass & Central Maine
Posted Nov 11 2009, 07:43

Hello,

I want to bid on a Fannie Mae REO located in MA. I asked a buyer's agent for a copy of condominium bylaws and a statement of financial condition. She responded "These docs are usually passed along after your offer is accepted:)". Is this a common practice to bid on a condo without knowing if it can be rented out and what kind of reservers the HOA might have?

Thanks,
Alex

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