I'm looking at a Fannie Mae owned property. The property was forclosed on and taken by Fannie Mae in May 2010 (county records show the sale to FNMA was for $286k).

Homepath lists the property currently at $161k.

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Hello
How long does it typically take banks to respond to an offer made on a foreclosed property? TIA!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $127,700

Cash invested: $85,000

Sale price: $250,000

This foreclosure sat neglected for nearly 6 years. In jus...