How can I buy a home whose mortgage is owned by Fannie Mae?

I want to buy my son’s home from Fannie Mae. He has been paying on it 4 yrs and is now unemployed and will loose it. I want to buy it outright. How can I do this? Who can I contact? If he owes 300K will they accept 20% less? Do I need a broker? Realtor? Any suggestions?

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