Josie Morrison's Q&A

Hi,I have sold & closed on homes that were in pre-foreclosure that had Fannie Mae loans on them.  Since the house has already been foreclosed on it should be a much faster process if you get your offer accepted.  Regardless of what Fannie Mae has into the home it is only worth what a buyer is willing to pay.  It the market will bear a 250 offer or less on the home, that should be in the accpetance zone of what they are looking for.  You really need to know what similar homes in the area are selling for.