Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Matthew PorcaroPoster
Lender
Pro Member
- Rental Property Investor
- Long Island, NY
- 320
- Votes |
- 428
- Posts
How does the First Look program work?
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