Let me try and give you an idea how the Fannie Mae, the banks and the Realtors are over charging people with bad credit. Read the last line of the article first. If you do not understand what I mean call me , email me or leave a comment.
Gene Hoffman
email: bearlakegroup@gmail.com
If you're planning to shop for a home in the coming few weeks, here's
an early spring buying season come-on that just might save you some
money if you qualify.
Fannie Mae,
the largest mortgage investor in the country, has a bulging portfolio
of houses acquired through foreclosures nationwide. Roughly 31,000 of
these properties are listed on its HomePath (www.homepath.com) resale
marketing site. To move them quickly out of inventory, Fannie
temporarily is offering qualified owner-occupant purchasers — but not
investors — cash incentives toward closing costs of 3.5 percent of the
purchase price. But you have to submit your initial offer no later than
March 31 and close by May 31.
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