Top FAQs on Fannie Mae REO Bulk Sales

by Property Management Software on March 18, 2012

Fannie Mae Bulk REO Home Sale

Fannie Mae Bulk REO Home Sale

How do I pre-qualify as a prospective Investor?

Prospective investors must fill-out the Contact Information Form on this site, as well as download and complete the Pre-Qualification Request Form. Once completed, the Pre-Qualification Request Form must be submitted by following the upload instructions on the form. Fannie Mae, after review of both completed forms, will notify prospective inventors whether they have been Pre-Qualified.

How do I find out more about prospective bidder qualifications?

You can download a Sample Bidder Qualification Application to find out more detail on bidder qualifications. Please note that this document is a sample for information purposes only. This document is ineligible for execution or submission for further review.

Are non-profits, units of general local government and/or state agencies able to pre-qualify if they meet the criteria as outlined within the Pre-Qualification Request?

Yes. The Pre-Qualification Request contemplates that organizations that meet the requirements of Section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C.A. § 501(c)(3)), units of general local government as defined in 42 U.S.C. § 5302(a)(1) and/or state agencies may pre-qualify if they have total assets in excess of $5,000,000, and were not formed for the specific purpose of acquiring the Assets.

Details of program

Fannie Mae is implementing a structured sales program involving significant sales of real estate assets in the form of either pool sales or joint venture transactions.

Any structured sales under this program are expected to be significantly larger than our existing pool sales described on our “For Investors” page. Joint venture transactions are expected to allow qualified investors to purchase a controlling equity interest in a newly formed investment vehicle created to hold multiple properties in one transaction. The qualified investor would be responsible for the management and servicing of the assets, and would be an equity partner with Fannie Mae. Pools may be national, regional, or geographically focused, subject to post-closing asset management strategies and restrictions, and consist of vacant and / or occupied (including rented) properties. Sales of controlling equity interests will be limited to qualified investors.

If you are a prospective investor interested in receiving information regarding structured sales composed of Fannie Mae single family real estate owned assets, you will be required to meet certain minimum criteria to be Pre-Qualified. Once you are Pre-Qualified, you will be eligible to receive information regarding an actual proposed transaction if and when such information becomes available.

The process to be Pre-Qualified is described below.

Prospective investors must fill-out the Contact Information Form on this site, as well as download and complete the Pre-Qualification Request Form. Once completed, the Pre-Qualification Request Form must be submitted to the email address on the form.

Fannie Mae, after review of both completed forms, will notify prospective investors whether they have been Pre-Qualified.

Download Fannie Mae Pre-Qualification application for Bulk REO sales purchase.

Top FAQs on Fannie Mae REO Bulk Sales is brought to you by TReXGlobal.com, maker of the world's easiest Property Management Software.

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{ 1 comment… read it below or add one }

harry s berry July 31, 2012 at 9:10 am

what qualifications do I have to have in order to purchase fnma bulk sales directly from your organization? example of my questions:

Do I have to be a corporation?
Do I have to have a certain net worth?
Do I have to have good credit?

Please email me at harryberry.ips@gmail.com

Reply

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