Dan Mackin
Fannie Mae Change of Rules
Yesterday I was signing my closing papers for a refi on my primary and my mortgage broker mentioned that Fannie Mae has just changed their rules about 2 years minimum to count rental income. He said they are now coun...
Tamera Muniz
Mortgage company denied request to transfer property to LLC
So my husband and I bought our first investment property in November and Chase is our servicer. We opened an LLC to transfer the deed and have been working to get a consent to transfer from Chase. I just got a respons...
Luiz Souza
Instead of SS - Buying the note from Fannie Mae
How should I go about making an offer to buy the note from Fannie on a non performing loan/pre-foreclosure?
Any tips, ideas, books, etc?
Thank you.
Jesse Elledge
Owner foreclosing on tenants without them being aware..
Basically, the owner of the house I live in foreclosed. He did so without telling me or the other tenant of the house. He is now taking $4,700 to vacate the property. The government will pay the owner to leave on be...
Herlando Y.
Accepted Fannie Mae Counter Offer... Then multiple bids
I will greatly appreciate if someone can shed some light on this.I submitted an offer to the Fannie Mae Home path over asking price with all the proper paperwork. They counter asking for additional paperwork which I a...
Ron S.
Fannie Mae Homepath property Seller Concessions??
Hello Im putting in offer in morning on a fannie mae homepath property. I am financing conventional 20 percent down. Im not using homepath financing. Was wondering if i can ask for seller 6 percent concession for clos...
Fannie Hood
Starting an LLC
Hello, Im Fannie and Im a newbie REI. I want to start Wholesaling and also get Rentals to start building my portfolio. With that said, I have the financing but not the LLC, I want to go about it the right way and make...
Julia Cramer
Lost out to a lower bidder
Hello all. I have been reading this forum to gain some insight into bidding on a homepath home. Lots of great advice here, so thank you. I noticed a Fannie Mae home that I bid on and lost was back on the market. I...
Courtney M.
WHAT THE HECK? Fannie Mae being shady?
Hey guys! I am in the process of getting an REO under contract through Fannie Mae, and LAST MINUTE they sent me this bogus Real Estate Purchase Addendum that TOTALLY negates the terms in our agreed upon offer.....My a...
Account Closed
pricing and bidding
I am new to Bigger Pockets and rehabbing, I am located in Orange County NY about an hour North of NYC. Much like everyone else I follow houses on the usual sites: Zillow, Realtor.com, Trulia etc. Recently I noticed th...