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foreclosure: Its worth the wait - 01/27/09 01:41 PM
I just sold my first HUD home. HUD stands for US Dept. of Housing and Urban development. http://www.hud.gov/homes/index.cfm  It was a long and tedious process but my buyer got a great home for a great price.
The home was a foreclosure and the appraiser had to go by Federal guidelines. So we had to put railing up,remove some mold, turn the heat on and water and replace the boarded up windows. We did this once the lender gave us a commitment letter and was confident he could close once the work was completed.
The buyer had to pay for the work … (5 comments)

foreclosure: Fannie Mae To Suspend Foreclosures Until January 2009 - 11/26/08 11:25 AM
 Fannie mae has sent a notice to its lenders and attorneys that all Foreclosures on Fannie Mae backed loans will be suspended until 2009. This is being done while the Federal Government streamline modification program is being implemented. The streamline program takes effect on December 15, 2008. If you know any one facing foreclosure please ask them to call their lender to see if they have a Fannie Mae backed loan. I have already helped one family with this.
Happy Thanksgiving
Chet Szafranski
Keller Williams Realty
 
 
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Chet Szafranski

Providence, RI

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Virtual Homes Real Estate

Address: 10 Newbury St , Boston, MA, 02116

Office Phone: (800) 856-2479

Cell Phone: (401) 837-2454

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