Tips for buying, selling and financing real estate in the Owensboro, KY area!
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Sounds like they could be long lost relatives from the Deep South, however, the phrase “show me the money” is a more accurate descriptor. Fannie Mae is the way we pronounce the acronym for the Federal National Mortgage Association: FNMA Here’s the skinny straight from Wikipedia.com: “Fede...
Short sale: occurs when the borrower sells the property for less than what they actually owe, thus the term “short sale”. “Possible Short Sale”: This is a property that has been put on the market prior to getting the lenders approval for a short sale. Most short sale contracts will include...