. :-)The problem is that the fannie mae guidelines for 5-10 financing are simply too onerous because the bank would have to gather all the documentation for the other 4 to 9 homes.

Even though you have the OO advantage with Fannie Mae homepath properties, a lot of them seem to be overpriced in the San Diego market.Steven Straughn: I'm interested to see what 6602 Jackson goes for too.Karen M.: Do you have MLS access to the San Diego area too or just OC?

That said, if you look through the listings, there are some very common things that you'll see that indicate a specific property is an REO.Here are a couple examples of phrases you'll see in the Confidential/Agent Remarks section of an REO:- As-Is Sale- Sold As-Is, Where-Is- No FHA- No Disclosure- This is a Fannie Mae Homepath Property- This property eligible under FMAC 1st Look Initiative- Must have Prequal/POF with all offers- Proof of Funds required with offer- Seller Very Motivated- Cash Offers OnlyAlso, under the "Special" or "Owner" parameter, it may say "Foreclosure" or "Lender Owned" or "Corporate Owned."

We made the best and final round (assuming everyone does with a Fannie Mae property) and upped our offer to $110k.  

I'm more curious what would happen to real estate investors, in particular, when the dollar collapses.So that I can understand, can anyone tell me what would happen to my hypothetical syndication deal situation:Six multi-family apartments: 800 total unitsCombined purchase price of $30M80% of it have been provided by Fannie Mae or other loans.All in emerging markets.Cashflow after taxes:$976,564I have 0 of my money in any of them, because I syndicated the deal and own only 25% of cashflow and and appreciation for each of the properties.1) When the US dollar collapses and a new currency becomes the world standard, what happens to these properties and the owners?

Yes, for FHA loans and (I think) all fannie-mae type loans, they want to see under 43% debt-to-income.

Fannie Mae and Freddie Mac have seasoning requirements that you must own the property for 6 months or greater before you can use the appraised value for a cash out refinance.  

These are Fannie Mae guidelines most lenders go by.  

Hello Everyone,I just recently closed on a two family house in North Jersey that I bought from Fannie Mae.

My most recent deal was a Fannie Mae foreclosure with a purchase price of $40K + $20K in rehab for $100K ARV.