How to purchase fannie mae foreclosures
When foreclosures arise on mortgages in which Fannie Mae is the owner/backer, or when properties are acquired through deeds in lieu of foreclosure or forfeiture, Fannie Mae attempts to sell the properties in a timely manner to minimize potential impacts on the community.
![how to purchase fannie mae foreclosures how to purchase fannie mae foreclosures](https://imgix.cosmicjs.com/eff651e0-2c86-11ec-a82b-f3b2f8b3e9a2-fanniemae.jpg)
Fannie Mae exists to expand the liquidity of home mortgages by creating a secondary mortgage market. Similarly, how do you buy a Fannie Mae foreclosure Get pre-approved to buy a home.
![how to purchase fannie mae foreclosures how to purchase fannie mae foreclosures](https://www.investopedia.com/thmb/OMcXeKoiQ9CePe-QRks8cwyt50g=/680x440/filters:fill(auto,1)/housing7-5bfc2b614cedfd0026c11183.jpg)
Making an offer on a Fannie Mae foreclosure is the first thing that must be done if you want to buy a house held by Fannie Mae. Fannie Mae (the Federal National Mortgage Association or FNMA) is a government-sponsored enterprise (GSE) established in 1938. Fannie Mae foreclosures provide a means to buy properties at very low prices hence, many investors are always on the lookout for these below-market opportunities in the real estate market.