Homepath Fannie Mae Homes

[M Lindgren]

I found a peach that I want to buy. It is a Fannie foreclosure and listed as a Homepath home. When I went through it I told the agent I wanted it for $20K-the asking price. He called me back and said there was a period of time where they would only accept offers from an owner occupant and that they wouldn't accept an investor offer until the 20th.

My first thought is he is feeding me a line and has another investor that he's taking care of since I can't find anything like this stated on the Homepath website.

Can anybody tell me what the real rules are for buying a Fannie home in this program?

Thanks.