Wholesaling bank owned, FannieMae or HUD properties

[Aaron Fox]

As a wholesaler, are you able to wholesale a bank owned, FannieMae or HUD property to an investor with a purchase agreement or an assignment contract? I'm looking at a foreclosure that is a FannieMae home path property and am wondering how I can get this deal and wholesale it to an investor.

[Greg H.]

You are not going to be assign a contract and you are going to have to do a double close. 

HUD - No holding requirement for investor purchases so they can be sold immediately .

FNMA - the property cannot be sold for more than 120% of purchase price during the first 90 days. This is a deed restriction that follows the property

Other REO - May or may not have a holding requirement