It just feels good!
Yes I do feel good when things work out. Sometimes the cosmos line up and no matter what happens, it all goes right.
I was assigned a tenant check for a bank owned home in San Diego. I did verify the property was tenant 
occupied and the PTAFA of 2009 rules would have to be followed by the bank. On my second visit to do a habitability inspection on the old garage converted into a studio apt and rented for $850/ month, I asked what she would like to do as far as finding a new place to call home? When I explained her options, she could stay and pay rent to the lender for 90 days before moving OR I could possibly get her 30 days free rent and RAP (relocation assistance program) dollars. Of course the latter was the way to go if she had good credit. In fact she got $3000. in assistance and saved that months rent payment.
So why is this so important?
The fact was 
I pulled credit on her (with her permission) and saw she qualified for a loan amount of $120,000. In San Diego, that's not much, might buy a trailer in a park somewhere. But I knew she already was comfortable in the area and was home to her for 3 years so I looked for a Fannie Mae property in the area with a 5-6 mile radius. We found a 2 bedroom condo, new paint, new carpet, stainless appliances in the kitchen, mirror wardrobe doors, new inte
rior doors and hardware, new windows in a gated complex for $80,000. 3% down payment, 3.5% in buyer closing cost credit to her and I even got a $1,000 bonus. The HOA docs are not a worry or the appraisal with fannie mae. Her payment is less than the rent of the old studio garage including the HOA, insurance, taxes and will provide pride of ownership for her in the years to come, a tax write off against her income and all the feel good stuff helps the economy move in the recovery direction. Good coming from a bad situation! So congratulations Ingrid on your new home and making happy memories.
If you would like your own home using the above technique in a fast and affordable manner without any pressure please call or email before the Fannie Mae incentives expire.
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