Fannie Mae Sends Investor REO Buyers to the Back of the Line

If you’re an investor looking to purchase Fannie Mae REO properties, then their new First Look initiative will be of interest to you.

To provide owner occupants and public entities an advantage in purchasing Fannie Mae-owned foreclosed properties, the company has created the First Look initiative. With First Look, only offers from owner occupants and buyers using public funds are considered during the first 15 days a property is on the market. Offers from investors will be considered only after the first 15 days have passed.

Ready, Set, Wait 15 Days