buying a forclosed property
Posted by Mary on March 31, 2008 at 17:17:40:
I am interested in buying a forclosed property. I went to the sheriff sale but the bank wanted more than the property is worth. Now the property is being listed by a real estate agent for Fannie Mae. The realtor told me that after getting 3 different appraisals Fannie Mae will set the listing price.
I really want this house but also want to get the best price, is this true about Fannie Mae setting there own price and how neg. are they.
When it is first listed is it full price or nothing or do they sometimes take less than the list price.
I really want this house but I have a set price I can spend.
Any past experience buying a property that Fannie Mae owns?
Follow Ups:
- Re: buying a forclosed property (url) - Julio Martinez-Clark 19:27:04 04/01/08
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