![]() If you are worried about buying a home because you have bad credit or a low income, Fannie Mae also has special programs that can help you secure a property. One of the most powerful ways that Fannie Mae can help you buy a home is by offering low-cost homes. ![]() As a lending institution, Fannie Mae is sometimes faced with homeowners who do not repay their home loan. When this happens, the homeowner's loan is in default and, to recoup the money lost on the loan, Fannie Mae will take over ownership of the property and resell it as a foreclosure in order to earn back the money lost on the loan. Since the primary aim is to reclaim the money quickly and since most homeowners do not owe the full amount of their property value in mortgages, most Fannie Mae foreclosures for sale are priced below market value. FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA FULL Discounts of 30% and even 50% are possible. Unlike bank foreclosures, distressed government properties often include great financing programs that can help make a distressed home affordable. Many homebuyers confuse Fannie Mae and Freddie Mac. FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA MACįannie Mae is concerned with homeownership while Freddie Mac is an organization that insures mortgages. While both help Americans afford homes, Fannie Mae offers special programs directly for homeowners and offers home foreclosures for sale. If you want to buy an affordable property, don't wait any longer. The sooner you buy your home, the sooner you can start enjoying equity and a long-term asset that can secure your financial future. At, we offer the latest listings of Fannie Mae homes, government foreclosures, and other distressed properties for sale. We also offer an array of resources – compiled by real estate professionals – to put you on the right track to home ownership.Buying a Fannie Mae Property in Cape Coral Florida As a Fannie Mae listing broker we have access to Fannie Mae properties in Cape Coral and Fort Myers coming on the market, not just the ones already on the market. ![]() Want to be in the know as well? Sign up to receive a weekly list of properties ‘coming soon’:įannie Mae properties coming soon free Email list (Agents and Buyers are welcomed to join our list)Ĭape Coral and Ft Myers real estate agents, do you have a buyer looking to put in an offer on a Fannie Mae / listing? Get the Fannie Mae forms package and instructions and any other questions you may have answered: Fannie Mae FAQ and Resources How to Buy a Fannie Mae home in Cape Coral, Florida Want to buy a Fannie Mae home in Cape Coral?Īs a Fannie Mae listing Broker I can assist you with the purchase of a Cape Coral Fannie Mae owned property. FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA HOW TO You can use a lender on a qualified Fannie Mae property or you can choose a mortgage broker or banker as well. I heard that Fannie Mae properties are not in good condition. Is that true? Will Fannie Mae fix them up before closing?įannie Mae properties are sold as-is and they will not guarantee the appliances/personal property. Some homes have all of the appliances while others are missing some or all of them. Fannie Mae does do trash outs, cleaning and maintenance on their properties though. What is the Fannie Mae First Look program all about? We also turn on both the water & electricity when we can to allow for your inspection of said property. FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA MAC.FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA FULL.FANNIE MAE FORECLOSURES IN FORT PIERCE FLORIDA HOW TO.
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