Investors Get Ready! Effective March 1, 2009 Fannie Mae will now allow qualified borrowers to have up to ten (10) financed properties. In today's market, there are a record number of bank owned properties available and a large supply of motivated sellers that present great opportunities to invest in real estate.
This is a much anticipated and welcome change to regulations that temporarily sidelined seasoned investors who owned more than four (4) financed properties. Fannie Mae returned to the ten (10) property limit because experienced borrowers will play a key role in the housing recovery.
This change in Fannie Mae regulation will allow investors with 4+ properties to resume purchasing property for investment or resale. The goal of this change is to help stimulate the current housing market and in turn help stimulate the overall economy.
Now is the time for real estate investment! Contact me & get added to my Foreclosure List. Now is the time to take advantage of loosening reegulations & purchase foreclosed homes at rock-bottom prices! To be added to my Foreclosure Mailing call me at (203) 442-3873 or write me at PETERTESTA@yahoo.com & mention this post.
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