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barbara, Both Buyer and Seller in Chicago, IL

From a wholesale investor's standpoint, what are the chances of Fannie Mae selling at a wholesale price?

Asked by barbara, Chicago, IL Mon Mar 25, 2013

I notice that many of their properties are listed extremely high.

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Answers

10
Fannie Mae is not a wholesaler so I wouldn't except wholesale pricing from them. Their prices are often higher this year as they offer very generous and easy financing terms.
Web Reference: http://www.archershomes.com
1 vote Thank Flag Link Tue Mar 26, 2013
I'd be happy to answer any questions you might have. You can reach me @

Ben Willig

Anchor Associates
(609) 709-9560
ben@anchornyc.com
0 votes Thank Flag Link Thu Aug 1, 2013
The ones I have been showing are extremely low and getting multiple bids. These are getting fewer and fewer as the many buyers are keeping the inventory moving. Some of their homes seem to be based on last years low prices and some on next years increased prices.
0 votes Thank Flag Link Tue Mar 26, 2013
none.. they sell at market price
0 votes Thank Flag Link Tue Mar 26, 2013
Barbara

Your best bet for value investing at this point is the short sale route. Takes more time than a REO but can give you the better equity positions than the Fannie homes can. Many of my investor clients are looking at this avenue since Fannie and Freddie are really pushing for owner occupants.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
http://www.geoffgetsit.com
0 votes Thank Flag Link Tue Mar 26, 2013
Get in line

Blackstone Rushes $2.5 Billion Purchase as Homes Rise - Bloomberg
http://www.bloomberg.com/.../blackstone-steps-up-home-buying-as-pri… 9, 2013 – Blackstone, which started buying the properties last year, has been racing ... American Residential Properties, which has 1,500 homes in five ...
0 votes Thank Flag Link Tue Mar 26, 2013
Do you have the ability to purchase 30,50, 100 homes at once? IF so, you should contact Fannie Mae directly and see if they would entertain such an offer.
0 votes Thank Flag Link Tue Mar 26, 2013
You got your answer, for Fannie Mae the answer is no....
and you got some additional information below....
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
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HAVE THE MOST WONDERFUL DAY :)
0 votes Thank Flag Link Tue Mar 26, 2013
I would say the chances are zero percent.
0 votes Thank Flag Link Tue Mar 26, 2013
Barbara,

Tina is absolutely correct. Fannie Mae is not a wholesaler. At any time if Fannie Mae has foreclosed on a home they will have a broker determine the BPO price (Brokers Price Opinion). The broker will take several factors into consideration when helping Fannie Mea set the price on each individual property.
0 votes Thank Flag Link Tue Mar 26, 2013
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