@David Galan, I do not have direct experience w/ a cash-out refi, but I can tell you that per Fannie Mae, the most you can pull out for a cash-out refi on your primary residence is 80% LTV, and the most you can pull out for a cash-out refi on an investment property is 75% LTV.  

Hi James,I'm an assistant for an attorney that is direct to Fannie Mae and he is selling notes, multi units and REO's.

Fannie and Freddie will allow 75% of the lease agreement. 

If it doesn't, they may give a certain amount of time to comply or they may do a cancellation, but they cant cancel before a 30-45 notice by law.

So my husband and I recently purchased a Fannie Mae home in South Central LA (whoop whoop) that we are hoping to flip in the next 6 months.

I noticed that In January of this year, they changed some of the rules and I had some questions if anyone knows... 

I'm not sure of if this is the right forum to post in or not, but I know if this property was to be purchased it would need to be demolished in order to conceal that a person died on this land.I found this yesterday while driving for dollars, I noticed that it was in distress it had an eerie type look and vibe emanating from it.

My realtor says I am not and If we issue a notice to perform we will not collect the deposit which doesn't make sense to me.

But some circumstances require that the property be held, such as when the end buyer is getting a conventional loan and Fannie/Freddie requires that the loan app be dated AFTER the B Buyer close on the property and officially is the owner of record.

I'm not sure exactly what term I should have used so I panicked and bought around 20 names which were under "Foreclosure Notices".