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Updated almost 9 years ago,

User Stats

428
Posts
320
Votes
Matthew Porcaro
Lender
Pro Member
  • Rental Property Investor
  • Long Island, NY
320
Votes |
428
Posts

How does the First Look program work?

Matthew Porcaro
Lender
Pro Member
  • Rental Property Investor
  • Long Island, NY
Posted

I'm currently looking at a Fannie Mae foreclosure property that would be a good first buy for me. Looking to rehab/house hack a duplex in my area. The property is currently in the "First Look" phase for 5 more days. I unfortunately won't be able to get into it until Monday, which would be the last day of the First Look.

I'm wondering, say come Monday, I check out the property and it looks good and I offer full ask on the spot, can the bank just wait until the next day to see how many investors/other buyers offer on it?

Any suggestions on how I could handle a situation like this to ensure I have a good chance at snagging this?

Thanks!

  • Matthew Porcaro

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