I am looking at buying a Fanie Mae Foreclosure. It is a really good deal but I am a little nervous. Mainly because I have never purchased through this route before. The house is going for 1/3rd the value of the home. It needs a little work mostly cosmetic and the wood floor is buckled. I currently own a multi family so I wont have to sell the place I am living now I am just going to have to rent it out so this frees up my time line. Just wondering if anyone has charted these waters before or if there are any experts on here. The house has been unoccupied for at least 1 month. It also has hot water heaters as a heat source. I have been told even though it is an old way of heating it is actually the best source of heat.