* A Notice of Default has been filed in the public records against the property

When speaking to a neighbor, I asked if they knew about this tenant and they said that they didn't think anyone was living there.I dropped off notice saying I'd be going to check on the property for inspection and then visited the unit the next day.

I found (through this great site, of course), the Fannie Mae-owned homes search engine.Does anyone have any experience with buying Fannie Mae homes?

Loan terms and valuation are similar to residential and not commercial.What you will notice is a market that is down with employment problems will impact all types of housing.

[/list:u]It is subtle and maybe not even something you will notice when signing all the documents at the closing table.

Please let me know if I have it misconstrued.I've noticed on loopnet it displays a note: "Commission split: 2.5%"Is this note referring to a scenario where a Buyer's Agent comes and helps find this property, the Buyer's Agent will get 2.5%?

Granted this is just my opinion, but it is based on 28 years of experience (including the '80s collapse of the TX market) and some careful looking.I've noticed more For Sale signs in Austin and San Antonio lately, including too many on NEWER houses in NEWER neighborhoods.

Notice that there are at least two clear exits that work in this deal.Buy and hold as a rental with positive cash flow.Buy and sell (or flip before buying) for a lump sum.A good deal provides lots of ways to work it.

They modify the loan so that it is not a second home loan or they fund your losses so you are whole.Maybe speak with a lawyer also as that will force WF to take notice.4.

I noticed an increase in hits at one of my sites and didn't know why.