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AK.
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AuthorPosts
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March 12, 2009 at 9:26 AM #15288March 12, 2009 at 9:55 AM #364555
Huckleberry
ParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
March 12, 2009 at 9:55 AM #364842ParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
March 12, 2009 at 9:55 AM #365148ParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
March 12, 2009 at 9:55 AM #364999ParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
March 12, 2009 at 9:55 AM #365035ParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
March 12, 2009 at 10:39 AM #364646macromaniac
ParticipantHuck,
Sounds like a good reason to offer a very low price for the home….
March 12, 2009 at 10:39 AM #365238ParticipantHuck,
Sounds like a good reason to offer a very low price for the home….
March 12, 2009 at 10:39 AM #364930ParticipantHuck,
Sounds like a good reason to offer a very low price for the home….
March 12, 2009 at 10:39 AM #365125ParticipantHuck,
Sounds like a good reason to offer a very low price for the home….
March 12, 2009 at 10:39 AM #365089ParticipantHuck,
Sounds like a good reason to offer a very low price for the home….
March 12, 2009 at 10:45 AM #365130ParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureMarch 12, 2009 at 10:45 AM #365243ParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureMarch 12, 2009 at 10:45 AM #365094ParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureMarch 12, 2009 at 10:45 AM #364935ParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressure -
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