Foreclosure Basics - Fannie Mae Specials on the Home Steps Program
Well I guess they want to join the spring market with new incentives for buyers (dangle that carrot?) with closing costs help and new appliances! Most foreclosures obviously have 'iffy or icky' appliances so this would at least give buyers some incentives/breaks on those new appliances. This was just released and is valid until May 1, 2010. You must close by that date. The press release shown is not very clear but I rechecked and the date starts for contracts on January 27th, 2010.
My other post on Freddie Mac Foreclosures.
Think a foreclosure might be for you? I can help with all those questions.
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Is this just homepath listed properties?
Ellie: I believe it is one in the same. All Fannie foreclosures have to go thru the Home Path program.