Hey everyone,I figured I'd ask here because I know many of you have dealt with Fannie mae a lot.

Most banks and companies like Freddie Mac/Fannie Mae use preservation companies to "winterize" their properties.

If you utilize fannie mae's delayed financing program you can get a maximum of 70% cash out, assuming you fall under all of the delayed financing criteria.Delayed Financing ExceptionBorrowers who purchased the subject property within the past six months (measured from thedate on which the property was purchased to the disbursement date of the new mortgage loan)are eligible for a cash-out refinance if all of the following requirements are met.1.

I would recommend starting with a government foreclosure www.hudhomestore.com is where you will find "HUD's" www.homepath.com is where you will find Fanny Mae properties Owner Occupant Priority aka "exclusive" (hud) aka "first look" (homepath) if you are willing to live in the home for at least one year you get a 15 day head-start ahead of investors.

When he said "hold their own paper" - he's referring to loans that aren't sold/guaranteed to/by Fannie Mae and Freddie Mac.

Hello, Has anyone dealt with the Fannie Mae Homestyle revocation mortgage?

Also, I am not sure I want to deal with that as a retiree.I have no Fannie Mae loansThank you for suggestion about lease to own. 

See page 530 of the Fannie Mae Selling Guide and DU (Desktop Underwriting) screensA seven-year waiting period is required, and is measured from the completion date of the foreclosure action as reported on the credit report or other foreclosure documents provided by the borrower...

Also, I don't have a govt backed mortgage like Fannie Mae or Freddie Mac.  

Is it possible for a person to privately buy mortgages similar to how Fannie Mae or other mortgage companies do?