Real estate blog entries tagged with fannie mae foreclosures for sale by Gene Mock, GRI, CRB, CRS, ABR, CIPS, TRC, SFR, SRES (Associate Broker ~ Premier Team, KW Realty)

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fannie mae foreclosures for sale: Cash Assist for Buyers of Fannie Mae Foreclosed Homes - 03/13/14 06:36 AM

Cash Assist for Buyers of Fannie Mae Foreclosed Homes

Cash at closing program is available for a limited time offer from Federal National Mortgage Association "Fannie Mae" on foreclosed homes. This program is for owner-occupied buyers only and is called First Look. This allows buyers to purchase a foreclosed home owned by Fannie Mae to get a 3.5% of sales price cash contribution paid to the seller at settlement towards the purchase of an owner-occupied home.
For example, a home costing $300,000 will grant the purchaser a $10,500 cash payment from Fannie Mae towards the purchase at closing.
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