Fannie Mae / REO Questions from a Rookie
First and foremost, thank you in advance for any advice on this. I have my eye on a duplex that is currently owned by Fannie Mae. I have a couple questions on how this differs from a normal transaction highlighted below. I appreciate you taking the time to help a rookie build his mini-empire. :)
- Is price flexibility the same as a normal transaction or are is the seller usually more hard/soft on list price
- I would like to move fast with an offer on this once investors offers are opened. can I begin researching title now before I am officially in negotiations
- Are there any rules of thumb or advice on some of the nuances of buying REO from Fannie?
Happy Investing and Dream Construction
- Justin