fannie mae - Can I bid as owner occupier ?

[Matthew Thomas]

Hi,
Where could one find the fannie mae requirements for owner occupier bidding?

I am looking for a second home in a beach community where I would split my time between my existing residence and the new house. I would be at the second home at least 4 days a week. On the other side I am interested in this as an investment property and generating a decent return in a 1-2 year period.

I've been trying to pick up a fanne mae reo and have lost the last 2 houses I made offers on to owner occupier bids, 4 more my offer was never was looked at since it was outside the 15 day first look period. It seems that anything decent to renovate and generate quite a bit of equity fast goes quick. Just this last week the house we put in an offer was a complete gut job went to a cash offer, owner occupied. NO ONE could could have lived there and renovated.

Could I place my offers as owner occupier?