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Updated about 7 years ago on . Most recent reply

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Krystle Padilla
  • Real Estate Agent
  • San Diego, CA
41
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Can you make an offer on an REO property before it on the market?

Krystle Padilla
  • Real Estate Agent
  • San Diego, CA
Posted

Title edit: before it's on the market

Help me out BP community!

There's a property I'm interested in that foreclosed, went up for auction, and now Fannie Mae owns it 100% since October 2, 2017. Can I make an offer on it before it's listed? I did some research before and I saw some "yes" and "no" answers so I'm turning to you guys. 

Thank you!

Krystle

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Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

No you cannot. A FNMA foreclosure will eventually end up at Homepath.com and most likely the MLS. You can set up a search at home path.com to be notified when a property becomes available in your area

FNMA has a First Look period where the property will only be available to owner occupants. 

  • Greg H.
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