Some more good news on the REO front. That is that Fannie Mae is selling 70% of their assets, homes, to owner occupants. The 30% that goes to investors, usually won’t qualify for financing. Most of those are then re-sold to owner occupants.
Word is that Fannie Mae has opened up to accept more REO agents. I have asked Lisa to get her broker’s license and open a real estate company. I hear that being a minority women is a slam dunk to get an account. Fannie Mae is the biggest REO company right now, or they have the most REO’s to sell. This could be a life changer!
Below is the article about Owner Occupant Sales by Fannie Mae.
- by Jon Prior
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