Working With Fannie Mae.
Good day, investors.
I have found a good property that is owned by fannie mae for $49,900. The agent said that there would be no problem getting them down to $40k. I know that the property will be worth $65k. I plan to offer $35k-$37k. My question is:
If I make an offer to purchase, with fannie mae being the current owner, do you think that they will accept the assignment clause? If not, will a dual close work for this deal?
I could really use the help. This property might go quickly.
Bigbird.
99% of banks will not accept a contract /offer with an
assignment . And no chance with a govement agency.
Just do the dual close. You should be fine.
mark