
Fannie Mae, Freddie Mac extend “first look” program for homebuyers competing with cash-rich investors
If you think it is hard to buy a bank owned property now, wait, some banks are extending the first look period for owner occupied buyers. Let’s see how many of these deals fall apart when the potential buyers can’t get financing. Delay the pain or cut the houses loose? What are the banks thinking ?
therealdeal.com/blog/2013/12/27/fannie-mae-freddie-mac-extend-first-look-program-for-homebuyers-competing-with-cash-rich-investors/