A third part servicer does nothing to change this. https://selling-guide.fanniemae.com/Underwriting-Borrowers/L...That's for Fannie Mae underwriting of course.

And it seems ironic to me that entities like Fannie Mae, which are as responsible as any for creating the systemic risks that the default wave poses to the larger economy, are often as not the ones pushing the “strategic default†moral narrative."

Hello--Depending on your short term and long term goals and how much cash you have to invest also what type career ( job) you have I strongly recommend --for first one or two houses --Buy REO - HUD -or Fannie Mae- house in good neighborhood- at 40% or 50% FMV --and do a Partnership with J Scott- he can do good fix up and manage for you --work out honest details to benefit both - Then move to Atlanta to buy more- bring silent partners or money from Maryland-from your contact persons - invetsorsI do not recommend - Stone Mountain, Decatur, Lithonia, Snelleville area- changed so much in last 10-15 years- I lived in Stone Mountain ( Dekalb County) for 15 years - Zip 30083 - lenders will not make loans- I had one rental house in Stone Mountain for 15 years - sold in 2005 for $105,00 --last year -- in the same subdivision - fourth house from my house was sold for $39,000 by an agent - as short sale- still nice house for investment at $900 + rent- Sect 8 tenants many rentals in a subdivisionI like Gwinnett County better - Suwanee, Duluth for upscale or Lawrenceville for working class people- along I-85 and Hwy 316 , Sugarloaf area --many rentals and tenants- Accidentaly saw yesterday --Foreclosure for $100,000 ---4Br , 2.5 bath - 2040 sq ft-- can rent for $1100 --near good schools- other houses - listed by Zillow at $143K to $182k --good if can get for $75K or $80K -- Any general area in Gwinnett, Cobb or North Fulton and some in Clayton county are good- good delas every where -with over 13,000 foreclosures- Listen to John Adams on AM 920 Atlanta radiostation -online - on Sunday 12:00 pm- 2:00pmFind a Good REO - HUD agent -to work with Get a Line of Credit while you have good job and good credit - before quitting - Good Luck --Welcome to Georgia

@Michael Hague   I don't have a problem with fuel assistance but I haven't had to to contribute to filling those forms.

I'm still reading through the Fannie Mae and Freddie Mac selling guides to thoroughly understand the requirements and restrictions associated with loans that are originated and sold off to them. 

The other reason why you might not is if you had more than 4 financed properties the min down goes from 10% to 20% with fannie mae. 

My lender knows this is a flip and I learned that Fannie Mae requires a HUD counselor on these types of loans.  

If you plan to borrow over $1M from the Fannie Mae or Freddie Mac Small Loan Program ($1M-$6M) then you will need an entity anyway.

"Highest and Best" is common with big sellers in Pittsburgh, especially, we've found, with government-owned houses: Fannie Mae and Freddy Mac properties.

If you are in a country that is a signatory of The Hague Apostille Convention, then you can have a local notary or attorney take care of it.