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advice on buying a house from fannie mae?

Anyone have any suggestions or tips for getting the best deal on a foreclosure from fannie mae? Is there any possible way to negotiate with them directly instead of the realtor? How flexible is fannie mae with prices? (the house im interested in is listed by the realtor for 25k but im sure would sell for much less in a county auction)

Public Comments

1. I have met similiar problem before, here list of sites http://topfin3.notlong.com/8AA7pHu
2. Foreclosed properties are bought by Fannie Mae and fixed up. They wont ever go to auction and usually wont go much cheaper on the price.
3. Fannie Mae is one of the few lenders that not only cleans up most properties, but takes care of health related issues. So they have quite a bit invested in their properties. In order for the realtor to have this listing, they would have taken the state required courses and passed those tests, then taken a state exam and passed it, just to become licensed. Then they would have taken additional courses to become expert at handling these types of transactions and know what to do and not do. Their profession is no different than any profession where a license is required by the state. Their business is no different than any profession that requires capital, a business plan, etc. to make money to stay in business. The difference is, we've done a poor job at marketing our profession as just that, a legitimate business. A legally binding profession requiring a high level of education and a great deal of financial risk and liability. To answer your question, sure you could put in a lower offer, you could ask for closing costs. But if you truly want the house, I suggest you make your best offer.