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Updated over 10 years ago on . Most recent reply

User Stats

674
Posts
258
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Sergey Tkachev
  • Investor, Agent, CPA
  • West Sacramento, CA
258
Votes |
674
Posts

How do I contact Fannie Mae? FNMA property

Sergey Tkachev
  • Investor, Agent, CPA
  • West Sacramento, CA
Posted

I think this is a somewhat unusual question as I searched and wasn't able to find a specific answer.

I found a boarded property that just recently transferred ownership from the prior owner to Fannie Mae, the deed appears that it was a foreclosure and recorded just a month ago.  In addition, there is a code enforcement case on it that is a couple years old and still open.

My question:  How do I contact Fannie Mae to purchase the property before they list it or auction it off?  In essence, I'm trying to buy it before other competition comes around.  Is that even possible, or are they obligated to sell all properties via auction / mls?

Is there an asset manager who can be contacted re the specific property?  It is in the Sacramento area.  Or do I have to wait for it to appear on Homepath and try to buy it the usual way?

Any suggestions would be really appreciated :)

  • Sergey Tkachev
  • Most Popular Reply

    User Stats

    23,418
    Posts
    13,508
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
    Votes |
    23,418
    Posts
    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    You have to wait, you can't buy it before it hits the market.

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