Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes

Content Preview Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here

Fannie Mae: No investors for 15 days

Published: November 24, 2009 4:22 PM
By The Associated Press  

Quick ReadFannie Mae won't consider investors' offers on foreclosures for first 15 days on market

WASHINGTON (AP) — Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.

During that period, Fannie Mae will only consider bids from buyers who intend to live in the homes, or those using public housing funds. Fannie Mae says the First Look initiative announced Tuesday applies to more than 72,000 properties nationwide.

For...

Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.

Already
registered on
newsday.com?
Log in
Newsday 7-day
or Optimum Online®
subscriber?
Get access
Not a Newsday 7-day
or Optimum Online®
subscriber?
Click here