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Updated almost 9 years ago on . Most recent reply

Tim Pagano's profile image
Tim Pagano's profile image
Tim Pagano
  • from Glen Ridge, New Jersey
  • Member since Sep 13, 2016
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69
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Tim Pagano's profile image
Tim Pagano's profile image
Tim Pagano
  • from Glen Ridge, New Jersey
  • Member since Sep 13, 2016
Connect
Tim Pagano
  • Glen Ridge, NJ
41
Votes |
69
Posts
Real Estate Deal Analysis & Advice

FNMA Owned Home

Tim Pagano
  • Glen Ridge, NJ
Posted

Hi all I've found a FNMA owned home locally.  They've owned it since 2014.  It's the kind of house I've flipped successfully in the past,  but they are asking too much for the market.   I've never offered on a FNMA before and I was wondering how flexible they are their bidding prices?  I would need them to go at least 20% lower than what they are asking right now.  

I pulled comps etc and I'm ready to make an offer but am I wasting my time?   Thoughts?  

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