Fannie Mae Rekeying Guidelines - REO Property Preservation Forum
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post #1 of 18 (permalink) Old 04-03-2013, 10:14 PM Thread Starter
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Fannie Mae Rekeying Guidelines

Hi everyone, what a great place. I see I can learn a lot here.

I have just been contacted to rekey some Fannie Mae properties. I have asked the Listing Agent several times for guidelines on what needs to be rekeyed and how they need it done.

I know the master key that we are using but have questions like do deadbolts have to be changed or can I just cover the hole with a plate and dummy it out.

Also on storage units like this does it get a latch or doorknob or both? I am in SW Florida, not sure if that makes a difference in Fannie expectations/guidelines

Can anyone point me in the right direction?

I just want to do a good job but cant get them to get me the rules to go by
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post #2 of 18 (permalink) Old 04-03-2013, 10:45 PM
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Ask the company you are working for what their guidelines are.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #3 of 18 (permalink) Old 04-04-2013, 07:55 AM Thread Starter
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We only sell Fannie Mae Homes and HUD homes. Since its been a struggle to get a response from them I want to go directly to the source
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post #4 of 18 (permalink) Old 04-04-2013, 09:24 AM
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Usually on REO properties the knoblocks & deadbolts should both be operable. As for the shed pic you posted, if that door can be secured with the knoblock & deadbolt, I would just change them & not put the hasp & padlock on.

Iíve already told you more than I know.
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post #5 of 18 (permalink) Old 04-04-2013, 10:51 AM Thread Starter
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What are the situations when that is not the case...thanks for your help.

I was hoping to find guidelines that spell it out
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post #6 of 18 (permalink) Old 04-04-2013, 11:15 AM
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Go back to the contract you signed and re-read it for directions.
In your first post you mentioned you had a contract. If you signed it and it doesn't spell out what
needs done then I believe you are in way way way over your head.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #7 of 18 (permalink) Old 04-04-2013, 11:27 AM Thread Starter
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Sorry I meant contacted not contracted, no contract. I fixed Post 1
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post #8 of 18 (permalink) Old 04-04-2013, 11:33 AM
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Go back to your contact and ask them for guidelines.


They know what they want you to do and not do.
Mess that up and you risk not being paid!!!! High risk.



We can try to give advice but in the long run we do not know what their wishes, requirements and demands will be.
We all run the risk of bad advice and then blame for the wrong advice.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #9 of 18 (permalink) Old 04-04-2013, 02:06 PM Thread Starter
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Yes, I have asked via phone and email 2x each. They are pretty busy I guess.

I was hoping someone here had Fannie Me guidelines as my contact doesn't seem to call me back, they have sent me a couple orders in the past few days but haven't answered my question
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post #10 of 18 (permalink) Old 04-04-2013, 02:29 PM
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Try Google.
I don't have a link.


Man if they are that hard to reach I might have a light bulb going off about how it'll be to resolve payment issues.

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Amateurs are people that can't do their job even when they do feel like it.
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