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Fannie Mae & Freddie Mac

Want a Great Deal on a Home? Look to Freddie and Fannie Foreclosures

by on August 17, 2011

It is not news that lenders are feeling the stress of the high foreclosure market. Many homes are becoming abandoned and therefore lenders are attempting to sell their foreclosure properties as soon as possible to decrease their liability. Bank of America has even taken to demolishing houses to help prevent the possibility of abandoned homes [...]

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Why buying a home may be better now than ever

by on February 22, 2011

Record housing prices and still low mortgage rates should entice homeowners; however, the issue is job stability and the future of the country’s economy.  With the government reviewing how mortgages are sold and acquired from both the investor and consumer, many changes will be happening in the future on how we buy property.  To prevent [...]

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Fannie Mae Homepath Offers Closing Costs and New Whirlpool Appliances Incentive

by on February 4, 2010

Fannie Mae is offering a 3.5% incentive* for California home buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for: Closing costs; The purchase [...]

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Fannie Mae to allow borrowers who are in foreclosure to lease back homes

by on November 7, 2009

In an effort to help keep housing inventory levels from increasing, Fannie Mae announced a new program that will allow borrowers who are in foreclosure to lease back their homes.  This will not only keep homes from the market but will allow Fannie Mae to generate some revenue to offset the huge losses, $18.9 billion [...]

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