Help with a prohibitive clause with Fannie Mae

[Lance Schaefer]

I am making offers on Fannie Mae REO's through Homepath.com. In their offer to purchase contract there is a clause that says it is not assignable. Does anyone have a way around this?

I want to wholesale to rehabbers and landlords etc. and I have heard that you can ADD another party with me as a buyer, and then at closing quit claim deed to them (my end buyer) and all is well. Anyone do this? Any other ideas? Thanks.