Here's a short video I put together with my brother, Adam Shandrow. In it, he explains why purchasing a Fannie Mae home is different than purchasing any other seller or Bank Owned property. * The homes are move-in ready. * You get a 97% Loan Devalue Ratio. * You don't have to pay for mortgage insurance. * There is no appraisal required, which expedites the closing of escrow. * The properties are already in lendable condition. * Though your interest payments might be higher, your PMI is waived. * You can save hundreds of dollars a month in fees and mortgage payments. Read more »