Real estate blog entries tagged with home steps by Lyn Sims - Schaumburg Homes (Schaumburg Real Estate - Northwest Suburbs

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Home : Blogs : Lyn Sims - Schaumburg Homes : Lyn Sims ~ Schaumburg Homes ~ Chicago Northwest Suburbs ~ Illinois Real Estate : Tag "home steps"

home steps: HUD putting our Buyers at a Disadvantage - 07/02/11 12:11 PM

From a previous post I told you about the 'winning bid' on my HUD foreclosure. To continue that saga I'd like you to think about this. HUD is currently offering a selling bonus to all agents that sell a HUD home. Fannie Mae is also offering it now through the HomeSteps program and also paying points for the buyer and throwing in a home warranty to boot. Think of it as the 'summer sales event' for foreclosures!
But getting a 'bonus' on a HUD foreclosure definitely puts your buyer at a disadvantage and here's why:All costs are reduced from the HUD bid price. … (17 comments)

home steps: 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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