Fannie Mae on Tax Roll - Owner Living in Home

[Brandi N.]

I havent seen this yet in my area so I want to ask my expert colleagues about how this will go down if I purchase this property.

My agent sent me an existing rental property.

I searched the CAD for info and found Fannie Mae is listed as the "owner" and the lady who is listing the property and says she is the owner is listed as "previous owner"

I know this lady and have respected her for years. She owns a local business. She is getting married in April and says that is why she wants to sell/rent.

Is this right? Could this be some sort of an arrangement with Fannie Mae?

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I try to be as respectful as I can in my deals but when I smell an oppty I usually pounce on it. I am thinking I could bypass the "owner" and negotiate directly with Fannie Mae. I have found a record of this property going up for auction or any recent foreclosure listings.

Standing by for any insight.

Thanks for the info in advance!