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With Fannie Mae bankrupt and the acquisition of over $6 billion in foreclosed real estate in less than a year, Fannie is offering their ex-borrowers a 'rent-back' option. This will allow past owners to become 'tenants' in their home and rent the property from Fannie Mae at the rental market value. Owners will voluntarily relinqiuish the deed back to the lender. Leases will be offered on a month to month tenancy, and in turn tenants will be able to remain in place for up to a year. Families will feel a sense of security being able to stay in their homes and not being (2 comments)
In Redwood City California homes sold within the last 30 days. This report shows property sold within last one months and one-mile radius from 504 Alameda de Las Pulgas. Fortunately, there are not a lot of foreclosure activities in this area; because only of few of these properties reported sold, are REO (Bank Owned Property) and Pre-foreclosure/Short Sale.
Property sold withing 64 Days on the market. Stunning custom designed 5 Bed/4 Bath. approximately 3950 Sq. ft. of charming living space. Elegant finishes and materials. Open floor plan featuring three bedrooms two baths upstairs and two-bedroom one-bath downstairs,In-law unit with separate entrance.Beautiful hardwood floors, Double Paned Windows, Crown Molding and Skylights.
In the above maps earch, you can real estate market activities in Redwood City California. 56 homes sold within the last 90 days. (5 comments)
1. Borrowers can re-qualify for a Fannie Mae loan in only two (18 months to 2) years from the date of the short sale. 2. A standard 1003 application does not ask nor address anything about a short sale. 3. A short sale does not challenge most security clearances. 4. A short sale will not challenge current employment or future employment. 5. Short sale may affect your credit for a period of 12 to 18 months, but it will NOT be reported on your credit history as a short sale. 6. Your credit score will be affected by as little (5 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.