All Forum Posts by: Tanner Jones

@Guifre Mora Yes I know it’s a rehab. I am capable of doing them myself. I just had no way of obtaining funding to purchase the property. This is my first home purchase so I didn’t know of a 203k loan. I am currently looking into that now. 

@Mike McCarthy

Okay. Will do! Thanks

@Guifre Mora

My realtor and the lending company he suggested for me

I am looking at purchasing a foreclosure property owned by Fannie Mae. The property has some damage by a tree falling. The eave of the house was damaged and needs repaired. The power pole was also knocked down by the tree. The house does not currently have power and I was told that the house would not pass inspection for me to get a conventional loan. I am looking to purchase this property to rehab and make my residence. Then I could make my current residence which I own my first rental property. I just had some worries about buying the property without a professional inspection done. I have viewed the place myself and think it would not be hard the rehab as which I could do most of. Anyone that has dealt with foreclosures with Fannie Mae in the past that can offer some advice? All will be appreciated. Thanks