Propertymagnets 7 Report post Posted July 28, 2012 Property Details: $159,900 Bedrooms: 3 Bathrooms: 2 Floors: 1 County: Snohomish Type: Foreclosure Style: Not Specified Size (approx.): 1519 Will Coop: Yes Description: Beautiful Condo. This is a Fannie Mae homepath property. Purchase this home for as little as 3% down! This home is approved for Homepath renovation financing. QUESTION: Is it possible for me to do a CLO with a T/B I find for this property? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted July 28, 2012 What is a "CLO"? Share this post Link to post Share on other sites
Propertymagnets 7 Report post Posted July 30, 2012 Got the answer to my question. Cooperative Lease Option with Fannie Mae not doable. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted July 30, 2012 Ahhh. . .CLO = Cooperative Lease Option. I call 'em CA's. . .Cooperative Assignments.Whatever you call them, I didn't think Fannie was going to go creative and allow such a deal. Share this post Link to post Share on other sites
Propertymagnets 7 Report post Posted July 31, 2012 Well MC,Since I am learning and applying your wisdom to CA's I will use the same terms, p.98 of the manual Share this post Link to post Share on other sites
MichaelC 160 Report post Posted July 31, 2012 You say tomato, I say tomatoe. . . Share this post Link to post Share on other sites