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Last night I got the strangest call from a party that represented herself a an Asset Manager for FANNIE MAE. She said she got my name from an application and she was recruiting an broker to help them sell some of their properties. She went through how she paid commission etc. the kicker was that FANNIE MAE required the Asset Manager and the broker to front $500.00 for property preservation which would be refundable in 150 days. Now I do REO sales for others and have never had to front money for preservation before so I took a pause. My question to the group is" Has any body had the same experience? Is this a FANNIE MAE practice? Is this just another way unscrupeoulos individuals have developed in order to scam us out of our hard earned money?  

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Total Scam- Call Fannie's Fraud Tips Hotline 800-232-6643. That is just not how they do business

I do not think Fannie Mae would do that, I would get phone numbers and call back or e mail Fannie and ask if this is legit


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