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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FANNIE MAE and FREDDIE MAC Bulk Sales Info Posted by TOM BEDI on August 30, 2010 at 12:08 AM In Reply to: Re: FANNIE MAE and FREDDIE MAC Bulk Sales Info posted by G.O. on June 07, 2010 at 12:15 AM : Thank you for reply. So this is for REOs only. I was hoping they deal with the Fannie and Freddie loans that are in default but haven't been foreclosed yet. : : They sell in bulk to approved buyers. Bulk is a minimum of 6 properties. They are properties that Fannie and Freddie have already taken back (REO). : : The properties can be any where in the USA. We were on a wild goose chase all over California. The majority of the props will be listed with realtors, so it's a : : real game. The best ones go quickly and are yanked off the list. If you have a repair team that can travel, you might be able to score some good deals. : : The first step is to make the contact with Freddie and Fannie as per the contact info I provided, then complete your paperwork, the process takes about 4 to 6 weeks. : : You must have a minimum of 1.5 million to work with. You can be represented by a Realtor or an attorney, etc. : : Good Luck. : : Again, thanks Ward for this Forum. : : Swan Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Thank you for reply. So this is for REOs only. I was hoping they deal with the Fannie and Freddie loans that are in default but haven't been foreclosed yet. : : : They sell in bulk to approved buyers. Bulk is a minimum of 6 properties. They are properties that Fannie and Freddie have already taken back (REO). : : : The properties can be any where in the USA. We were on a wild goose chase all over California. The majority of the props will be listed with realtors, so it's a : : : real game. The best ones go quickly and are yanked off the list. If you have a repair team that can travel, you might be able to score some good deals. : : : The first step is to make the contact with Freddie and Fannie as per the contact info I provided, then complete your paperwork, the process takes about 4 to 6 weeks. : : : You must have a minimum of 1.5 million to work with. You can be represented by a Realtor or an attorney, etc. : : : Good Luck. : : : Again, thanks Ward for this Forum. : : : Swan [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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