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Updated about 12 years ago on . Most recent reply

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216
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Eric Odum
  • Commercial Real Estate Broker
  • Tampa, FL
86
Votes |
216
Posts

FNMA Foreclosure - Certificate of Occupancy

Eric Odum
  • Commercial Real Estate Broker
  • Tampa, FL
Posted

Trying to buy a FNMA foreclosure in Tampa. The Florida FNMA addendum to the contract has some strange verbiage. It is as follows:

of the Agreement.

I don't even know how to get my hands around this. Seems odd that the seller (FNMA) would require the buyer to get a CO. Can someone who has purchased a FNMA foreclosure help me understand why this is necessary and how I can determine what my risk is here?

Thank you!

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