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Many servicers lack the manpower to follow up on non-performing loans. Often homeowners can continue to live in their homes rent free for months or even years on end without any consequences. Some Lenders consider it preferable to have non-paying Homeowners stay in the property rather than to have a [...] In an effort to trim its supply of REOs Fannie Mae has initiated a program to help finance investment property. Through the HomePath program resident-owners can qualify for a 3% down payment loan; 2nd home buyers can qualify for a 10% down payment program; investors can own Fannie Mae property [...] Fannie Mae has issued new rules for lending to those who have strategically defaulted on a mortgage in order to stem the increasing tide of loan defaults by those who can technically afford to hang in there. Those who walk away from a mortgage or fail to work in good [...] We don’t have answers yet for your Fannie Mae and Freddie Mac questions. We do however, have the following deals for you… These have NOT been posted to our homepage yet. They will be posted later today. You are getting the preview, the first shot. 1. Atlanta, GA – Unlisted [...] Earlier this week we posted two items to our blog. The first was that we were about to post 13 luxury homes online at discount prices. The second was seeking help to move Fannie Mae and Freddie Mac stock. We would like to update everybody on both of these issues. [...] Does anyone have contacts who are interested in buying property sourced from Fannie Mae or Freddie Mac? They’re practically begging us to move some stock and we need all the help we can get. Urgent! |
  
  
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