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Fannie Mae

Posted on: Fri, 09/04/2009 - 21:27
Fannie Mae

Hello Everyone...

I just found a property in Fannie Mae's inventory. It has been there for over thirty days. They just lowered the price from whatever it was to $44,900. In case you don't know...a Fannie Mae can be purchased for as little as 3% down. My calculator says that is $1,347. I went on Dean's Real Estate Analysis System and put in the address and the value of this property is... $237,000. Talk about panning for gold and hitting a winner! I am very excited. The property is in southern Arizona...I am in Northern Arizona...the realtor with the listing is in Utah...and I ride my bike as an investor! I will get down there this weekend somehow because good deals do not wait!!!

Tom S.

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Posted on: Fri, 09/04/2009 - 23:43 #1
Good Luck

Pedal fast!! No really, good luck with the property it sounds like it could be the one! Keep us posted, peoples success motivates everyone.

Cathy

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Cathy B

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Posted on: Sun, 09/06/2009 - 21:49 #2
The sooner the better

Congrats on your fine. Hope the property will be in good enough condition to put in that offer. All the best.

Sandra

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Posted on: Sun, 09/06/2009 - 23:29 #3
Great find

That is a great find, good luck with closing tbhe deal! Keep us updated.


Posted on: Sun, 09/06/2009 - 23:43 #4
Bicycle Investor,

It sounds like it may be a deal for you. Keep us updated as to the status of the potential find. Good luck with this potential deal. Believe and Achieve! Smiling - Joe

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Posted on: Mon, 09/07/2009 - 00:20 #5
Keep Pedaling :)

I think he's still pedaling that's why he's hasn't responded back yet.......make sure you have enough air on those tires since it's a long distance from North to South. I'm only playing Tom, I hope this wheel, oops, deal works out in your favor Smiling

Everyone Can Make A Difference!
John A.


Posted on: Mon, 09/07/2009 - 03:47 #6
Fannie Mae

How do you find their inventory? I haven't heard of this. Is there a website?

Skyace2


Posted on: Tue, 09/08/2009 - 17:09 #7
Fannie Mae

Hi Skyace2...

There are several that you can look up! Try fha.gov...homepath.com...va.gov. Any of these will keep you busy!

Good Luck!

Tom S.

Bicycle Investor


Posted on: Tue, 09/08/2009 - 17:15 #8
Fannie Mae

Hello Cathy...

I put a response out there today. It was 136 miles from me with a lot of work to be so so I passed on this one. Those of you that are unaware of the amount of property the Federal Government is on the hook for should check out: homepath.com, fha.gov, or va.gov to see them all! There is plenty of property for all of us in all states.

Tom S.