I'm a senior at Penn State University, majoring in Finance.

Its near a state university (buff state), but is not exactly in a nice neighborhood.

I have several properties near the University of Wyoming.

I'm currently a sophomore at the University of Houston.

I recently stumbled across this GREAT deal that is owned by Fannie Mae; however they put language in the contract adendum that prohibits me from selling the property for more than $44,400 for 3 months (which doesn't bother me as I am a buy and hold investor) BUT they also said that I can't get a mortgage for more than $44,400 for three months of the date of the deed????

I would like to see, in clear detailed language, with dollar figures, how the purchase-auction-sale of a typical flip works.

First of all, post a five day letter which backs up appropriate required language in your lease stating you are moving for eviction --for me that would be the sixth day.

I presumed you had a purchase and sale contract with the OWNER (which does have language to protect the agent, but is primarily between you and the owner, not the agent).I see your options as:Buy the house now and pay whatever price you can negotiate with the seller and agent which would likely be the full loan payoff amount plus the agent's commission, plus any of the seller's closing costs.Hope that the agent is able to get the short sale through.

Yes this is allowed, and I have had several realtors willing to play ball with me in these situations.The key is to have an option contract that includes language to let you do that.

You need to have a script that reflects who you are and mirrors your language patterns, not those of someone else.