Wholesaling Homepath or FHA Houses

[ruukie]

Are we able to wholesale homes that are under Homepath or FHA?  I was told there are many restrictions or obstacles to deal with.  If it's possible, what's the proper way?  Please share your thoughts.  Thanks.

[Randoskie]

I don't know what Homepath is, but I've wholesaled many FHA homes and the buyers always have cash or bring in a new loan, so I dont think it matters one iota who holds the mortgage.
However if your talking foreclosures, the banks have all these restrictions and rules and and it's ridiculous and u have to deal with realtors and yada yada.
I'll send u a free book if u PM me.
Rando

[ruukie]

I don't know what Homepath is, but I've wholesaled many FHA homes and the buyers always have cash or bring in a new loan, so I dont think it matters one iota who holds the mortgage.
However if your talking foreclosures, the banks have all these restrictions and rules and and it's ridiculous and u have to deal with realtors and yada yada.
I'll send u a free book if u PM me.
Rando

Thank you Randoskie for responding.  Very much appreciate it!  I believe Homepath properties are managed by Fannie Mae.  I'm eyeing on a Homepath property that's been on the market for 2 months now but I wish i know how to wholesale it.  Anyway, pls check your PM, really appreciate your help.  Thanks again.

[ruukie]

Hi Randoskie:

I have PM you but I don't know if my message went through.  If anything, let me know.