Comments on: Fannie Mae: New REO Rules

By: Carl Lenocker

Carl Lenocker — Mon, 23 Nov 2009 20:32:32 +0000

Interesting… this is a lot like how HUD does things…

By: J Scott

J Scott — Sun, 22 Nov 2009 20:27:08 +0000

Alex -

As far as I know, Freddie Mac has NOT implemented this same policy…that said, I have never purchased a property from Freddie, so I don’t know for certain…

By: Alex

Alex — Wed, 18 Nov 2009 23:48:39 +0000

Just wondering–do you know if Freddie Mac adopted the same policy?

By: Kevin M

Kevin M — Fri, 06 Nov 2009 15:38:47 +0000

I have found that most hud homes that are great deals are almost always taken by owner occupants in the ten day period.If they are not its because they need too much work and investors usually wait until price reduces to a point it makes sense to buy .I think investors will lose out on quite a few deals by having too wait on the 14 day period.It just makes it that much harder

By: Luis

Luis — Fri, 06 Nov 2009 13:36:54 +0000

I agree. This is typical for HUD properties and the majority of the time they go way past the 14 day period very few get snapped up in those first 14 days.

By: Alex

Alex — Fri, 06 Nov 2009 04:32:11 +0000

I’ve been following some HUD properties in my area (and in other areas). 99.99% of them go to investors after the 14 day “owner occupant” period.

I don’t think this is a very big deal for investors…

By: Scott Costello

Scott Costello — Thu, 05 Nov 2009 18:46:37 +0000

Sounds like they are taking a note from how HUD properties accept bids

By: Chris Ranney

Chris Ranney — Thu, 05 Nov 2009 03:44:53 +0000

Nice to see you taking Massive Action ! Bid on 6. 1 will come through. Go brother.

By: Nathan

Nathan — Thu, 05 Nov 2009 00:23:31 +0000

There are so many reasons why that is so wrong, I don’t know where to start… I assume they are doing this so Home Owners have a better chance of getting these houses… I guess Fannie Mae is ok with Joe Schmoe buying a mold infested, water damaged, leaky roof dump as opposed to an invester totally remodeling and selling a beautiful home at a fair market price… It’s not like we are raising home values, bettering neighborhoods and helping first-time homebuyers or anything like that…

By: Kevin M

Kevin M — Thu, 05 Nov 2009 00:06:25 +0000

I think their getting carried away, making it harder and harder for investors.Maybe if their real estate sits on the market for a year or so they’ll start to change their tune and realize this economy needs investors now more than ever.