FNMA Owned Home

[Tim Pagano]

Hi all I've found a FNMA owned home locally.  They've owned it since 2014.  It's the kind of house I've flipped successfully in the past,  but they are asking too much for the market.   I've never offered on a FNMA before and I was wondering how flexible they are their bidding prices?  I would need them to go at least 20% lower than what they are asking right now.  

I pulled comps etc and I'm ready to make an offer but am I wasting my time?   Thoughts?