Insane EMD to secure Fannie Mae REO

[Mike Nelson]

So I looked at a Fannie Mae REO today that it looks like a home run. House needs extensive work,(right up my alley!) has great potential! Its been on the market for 2 months and they still have it listed for twice of what its worth, i mean this house needs EVERYTHING done. So I have never offered on a fannie mae, but am aware of a few things. I dont care about the 90 day deed restriction, or the 10% EMD . What I want to do is secure it! I like it , and no not in the emotional attachment way, more like this house has a chance to make me a decent return way. So I want to tickle the ASSET manager with a high EMD, maybe 25-30%, hell lets go 50! has anyone done this on a FAnnie property? I was not going to include an inspection contignency, but am pretty sure their addendum will have one anyway,(i could be wrong) basically I want to offer low but not ridiculously low and it will be my highest and best, as long as the title work comes back fine I am willing to take on all the other risk of the property. anyone have any tips for fannie reo? do i dare ask for seller concessions? probably not if im trying to be first in line :)