Fannie Mae's First Look Program focuses on Owner Occuppied Buyers

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Fannie Mae believes that owner occupants should get 1st chance at buying a foreclosed property. Though I believe that owner occupants manage a proerpty better in general, I also believe the highest bidder is the best buyer, and if a cash investor is the highest bidder, than let them buy.

Read more here:

http://www.dsnews.com/articles/fannie-mae-introduces-first-look-initiative-2009-11-25

-sunil

SUNIL SETHI REAL ESTATE

My Bio: http://sunilsethi.com/about_me.htm
Personal: http://www.sunilsethi.com
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CA DRE#: 01173766

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