Upcoming Foreclosures

Am real estate agent wanting to list Fannie Mae, Freddie Mac Foreclosed houses?

If someone could direct me to applications for RE agents to fill out to list foreclosed properties for Fannie Mae, Citi Bank, Countrywide, etc. I dont understand how only certain RE company in a town list all the foreclosed properties from these mortgage entities. When a Fannie Mae loan is defaulted on and they get it back and want to sell it, I would like to be the agent or one of the agents that they call in my area (North LA) to list the home for sell. ALSO I would like to sign up with FANNIE MAE as Property Preservation Specialist to maintain these homes, such as lawn care, winterizaions, damage assessment during foreclosure. I have scoured Fannie Maes website and can not find one place that helps me. Also need find the Fannie Mae guidelines on property preservation such as a handbook outlining their requirements to be done. I also need to find HUDS guidelines and would like to be Agent in my area to list HUD Homes. Is it true, u have to knw peple in hgh places to get in.

Public Comments

1. To allow people to bid on HUD properties through you (as a licensed broker) you need to fill out a simple application on their website. But you will rarely see any HUD properties in California. As far as Fannie Mae goes, you need to visit www.efanniemae.com, not www.fanniemae.com if you want to fill out forms to service their properties. Also, do a search on www.fanniemae.com for REO properties in California (currently there are 9) and contact the broker and ask how he/she got started. I'm glad you asked this question, I found an underpriced property in my neck of the woods that I should check out. Regards