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Lovely Condo Asks $99K, Is Fannie Mae/Freddie Mac Owned

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The hardwood floors are doing a lot to sell this 1,500 square foot condo in the Art Center neighborhood. The three-bedroom, one and a half bathroom place includes a gas fireplace, built ins and a library/study. The ask of $99,900 seems pretty reasonable to us, but note: it is owned by Fannie Mae/Freddie Mac. Any Detroit buyers out there been through the buying process with them before? Is it more complicated than a private sale? Worth it? Leave us some advice in the comments.
· 405 E Ferry St #2A [Movoto]