[infobox color=”red”]THIS IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE A COMMITMENT TO LEND.[/infobox]
Fannie Mae just announced a program offering up to 3.5% in closing cost assistance to non-investor buyers purchasing from their HomePath (foreclosure) portfolio during the 20-day “First Look” period (before investor buyers are allowed to make offers). Missouri is one of the 27 qualifying states, and I’ve got HomePath lenders ready to underwrite.
[infobox color=”green”]I’ve got HomePath lenders standing by, so contact me today if you are thinking about this program. These deals move quickly and you’ll want to have your ducks in the proverbial row when you submit an offer.[/infobox]
I ALWAYS recommend consulting an agent experienced in REO properties and understanding the implications/dangers before going after bank-owned properties. If you’re interested in this opportunity and need a good agent, drop me a line and let me know what area you are looking at, we’ve got great agent connections all over the metro area.
According to the announcement, offers have to be submitted by March 31st, 2014 and transactions have to close by May 31st, 2014, so don’t sit on this one too long.