fannie mae foreclosures: Foreclosure Basics - Special incentives for Buyers with this program - 01/29/10 04:25 PM
Foreclosure Basics - Fannie Mae Specials on the Home Steps Program
Well I guess they want to join the spring market with new incentives for buyers (dangle that carrot?) with closing costs help and new appliances! Most foreclosures obviously have 'iffy or icky' appliances so this would at least give buyers some incentives/breaks on those new appliances. This was just released and is valid until May 1, 2010. You must close by that date. The press release shown is not very clear but I rechecked and the date starts for contracts on January 27th, 2010.My other post on Fannie Mae … (2 comments)
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fannie mae foreclosures: Foreclosure Basics - Fannie Mae and the Home Steps Program - 12/23/09 06:45 PM
Home Steps Smart Sell Program Looking to purchase a foreclosure or REO property? Here is a short explanation of how Fannie Mae foreclosures are handled.Home Steps is the real estate unit of Fannie Mae and handles all their foreclosed homes. Home Steps markets a nationwide selection of Fannie owned properties. Home Steps works strictly thru Realtors® and are available in the local MLS system of your area.Items required on every offer:
Sales contract Pre-approval Letter from Lender Proof of funds for cash sales Earnest Money Check (possible certified) Home Steps will not agree to the following:
Offer contingent on sale of buyers current home … (13 comments)
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