Home Buying in Saginaw>Question Details

Michael Mazz…, Home Buyer in Grand Rapids, MI

How long does it take Fannie Mae to list a foreclosed property? I called them and got no answer.The property

Asked by Michael Mazzoni, Grand Rapids, MI Thu Jul 16, 2009

was foreclosed last October of 2008.Thanks mazzonm@comcast.net

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The answer is ..it depends..theres no set time. The redemption period runs for 6months so they couldn't take possession until April 2009 (thats if the former owners moved out at that time, otherwise you have to add eviction time onto that--30 to 45 days). There's one I know of that was foreclosed in May 2008 that's still not on the market...my advice just keep being diligent--see who the REO agents are in your area that list other Fannie Mae homes they may be able to give you some idea about it.
0 votes Thank Flag Link Thu Jul 16, 2009
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