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Updated about 11 years ago on . Most recent reply

Scott H.'s profile image
Scott H.'s profile image
Scott H.
  • from Joliet, Illinois
  • Member since Jan 20, 2014
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Scott H.'s profile image
Scott H.'s profile image
Scott H.
  • from Joliet, Illinois
  • Member since Jan 20, 2014
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Scott H.
  • Joliet, IL
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Foreclosures

Buying a Fannie Mae property in Illinois

Scott H.
  • Joliet, IL
Posted

Hi everyone,

I don't fully understand how it works with flipping Fannie Mae Homepath properties. I'm looking at one right now in Illinois and would go with a conventional loan. I understand the 90 day rule but other than that do I have anything else to worry about once that time frame is up? Am I free and clear of the restrictions after the 90 days?

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