After Forclosure Sale - Posted by Veotis
Posted by Veotis on February 09, 2001 at 06:16:20:
I’m presently looking at a house that has already been through the forclosure sale at the courthouse. The loan was with Astoria bank, but it was backed by Fannie Mae. I was told by Astoria that Fannie Mae now has possession of the house and is going to get it ready to sale to the public. I assume they mean that they (Fannie Mae) are going to do some cosmectic work to the house and try to sale it around 78k.
I was wondering if there was a way I could get the house now before anything is done to the house(any fix-up)? I am wanting this house for my personal residence, and I don’t mind doing the work myself. Fannie Mae already has a Realtor lined up to market the house after it is ready. Who would I need to talk to about this? Thank you folks for your time.