Upcoming Foreclosures

so i just faund a nice house that is owned by Fannie-Mae it's been on foreclosures?

so my question is can i buy it fix it a resell it in lets say 2 months or is this Fannie-Mae like hud where u have to live in it for 2 years

Public Comments

1. You can do as you wish with it, depending on whom you use to finance the purchase. Fannie Mae and others similar only have requirements for occupancy if you use their financing programs. If you finance conventionally, you are free to do as you wish. Bear in mind that some conventional lenders also have short term pre-payment penalties. I would recommend talking with a local banker for short term financing, if a quick flip is your goal.