Profile picture for Andreajoy99

Can Fannie Mae sell the same house

The house I used to own, i bought from Fannie Mae, they inturn suggested i call instamortgage.com the loan immediatly was serviced by PHH Mortgage.  The people before me also bought the house from Fannie Mae. and the people before that too.
Isn't this an illegal white collar crime?  It's as if Fannie Mae keeps selling the same properties at inflated prices because they're backed by government money and thereby are making a ton of money off of one home sold 3 or 4 times in 10 years. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 11 2011 - Los Angeles
We think we've answered this question for you!
 
 

Replies (1)

It is legal if the home was forclosed upon. Once they own the home they are free to sell it for what ever the market will pay.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 12 2011
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
GRAFFITI
Profile picture for Yen Chih Chen
Latest reply by Yen Chih Chen
4 days ago | 5 answers
Burbank Blvd & Noble Ave Neighborhood safety
Profile picture for Alan  Taylor
Latest reply by Alan Taylor
January 26 | 4 answers
I AM ACTIVELY RECRUITING Recent REAL ESTATE Graduates & Unproductive Agents
Profile picture for Tim  Moore
Latest reply by Tim Moore
August 18 2013 | 1 answers
Do you know your neighbor???
Profile picture for Dunes ..
Latest reply by Dunes ..
April 03 2012 | 8 answers
Best Mexican Food in L.A.?
Profile picture for Vanessa Rojas
Latest reply by Vanessa Rojas
March 01 2012 | 23 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 4537 Emerald Way, Culver City, CA Home For Sale
    4537 Emerald Way, Culver City, CA 90230

     For Sale: $799,000

    • Beds: 3
    • Sqft: 1821
    • Baths: 3.0
    • Lot: --
  2. 11740 W Sunset Blvd APT 16, Los Angeles, CA Home For Sale
    11740 W Sunset Blvd APT 16, Los Angeles, CA 90049

     For Sale: $1,150,000

    • Beds: 2
    • Sqft: 2139
    • Baths: 3.0
    • Lot: 22928
  3. 9005 Cynthia St APT 302, West Hollywood, CA Home For Sale
    9005 Cynthia St APT 302, West Hollywood, CA 90069

     For Sale: $415,000

    • Beds: 1
    • Sqft: 739
    • Baths: 1.0
    • Lot: 35307