Zillow Advice: Buying a Foreclosure - Foreclosed or bank owned or both? http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ Zillow Advice | Zillow Real Estate It could be months or years ... http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ It could be months or years before it goes on the market. &nbsp;Unfortunately you just have to wait for it to get listed. &nbsp; Have a realtor keep an eye on it for you so you can bid when it comes on the market. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wed, 28 Nov 2012 00:11:00 GMT http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ 2012-11-28T00:11:00Z It is unusual for a home ... http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ It is unusual for a home to take that long to get on the market from Fannie Mae.&nbsp; There are very likely some title issues, a second lien, probate&nbsp;or another reason it didn't come on the market.<br/><br/>Look it up on Zillow and then you can subscribe to an alert when it comes on the market, you'll get an email.<br/><br/>Also, FNMAE will not sell to you directly, so you have to wait for it be listed.<br/><br/>good luck,<br/><br/>Naima Sat, 17 Nov 2012 22:03:00 GMT http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ 2012-11-17T22:03:00Z That is now a bank owned ... http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ That is now a bank owned home and Fannie Mae will get around to listing it for sale sometime. Banks and govt offices work S L O W L Y&nbsp; and they will be checking the title, looking for liens and doing legal paperwork along with getting valuations on the house as well as inspections (to some small degree) as they get read to list it for sale. Hang in and keep watching Fannie Mae's website. In the meantime find a Realtor to work with since they will need to write the offer. Also, Fannie will require a letter from a lender saying you should be able to get a loan - this is called a pre-qualification letter and you have to have it with the offer.<br/><br/>Tim Sat, 17 Nov 2012 13:04:00 GMT http://www.zillow.com/advice-thread/Foreclosed-or-bank-owned-or-both/468794/ 2012-11-17T13:04:00Z