Home Buying in Trenton>Question Details

Bart, Home Buyer in Trenton, MI

How long does it take Fannie Mae to list a bankrupt house for sale after the owners have moved out?

Asked by Bart, Trenton, MI Sat Oct 8, 2011

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Sometimes the answer lies in the title and whether there are any issues in FNMA being able to transfer a clear one. The following link maps all Fannie, Freddie and HUD foreclosed homes will typically have them on here prior to them going on MLS.

http://www.huduser.org/REO/reo.html

It may be a source you need to check often as it is updated frequently.

Hope this helps.
0 votes Thank Flag Link Sat Oct 8, 2011
Hi Bart:

It would depend on when the sheriff's sale took place. There should be a tag or something on the home stating which real estate firm is watching over the property. The homeowner is entitled to a redemption period of not less than 6 months unless they've done a cash for key with Fannie Mae. If you e-mail me with the address of the property I can check the status for you.

Have a Good Day!!

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
0 votes Thank Flag Link Sat Oct 8, 2011
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