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HECM - Fannie Mae Properties
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Use these Required Fannie Mae docs to make your offer easy and painless.
Please note:
* These 'HECM' properties do not have an Owner Occupant First Look Period, but the property must be in the MLS for 3 days before an offer can be submitted to us.
* Fannie Mae is EXEMPT from paying Transfer/Doc Stamps - Buyer will pay these fees.
* Pre - if the Agent Remarks state "HUD Guidelines 24 CRF 206.125" Fannie Mae cannot accept any offer less than full price
* Post - will have no special language in the Agent Remarks then, Fannie Mae can accept offers outsice HUD guidelines
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