Charlotte REO Specialist – Nancy Braun

Charlotte REO Specialist – Nancy Braun header image 4

Entries Tagged as 'fannie mae'

Prospect Mortgage Makes Homebuying Easier

July 6th, 2011 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

Prospect Mortgage has recently come out with the HomePath Renovation Mortgage. This mortgage is beneficial to those who are interested in purchasing a foreclosure, because as foreclosure sales increase, so does the demand for renovation loans. This mortgage offers up to $35,000 in non-structural repairs and a low interest-rate, making the homebuying process much more [...]

  • Share/Bookmark

[Read more →]

Tags:·········

Fannie Mae Announces 3.5% Closing Cost Assistance for HomePath Buyers

April 12th, 2011 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

Fannie Mae announced Monday that purchasers of a Fannie Mae-owned properties through the HomePath program will receive up to 3.5% percent in closing cost assistance. The following is an excerpt from a DSNews article by Carrie Bay describing the program: “The initial offer must be submitted on or after April 11, 2011, and the sale must close on or before June [...]

  • Share/Bookmark

[Read more →]

Tags:····················

Fannie Mae Unveils an Interactive Video to Prevent Foreclosure!

January 6th, 2011 · No Comments · Charlotte Foreclosures, In the News

In efforts to help Homeowners avoid foreclosure, Fannie Mae has developed an interactive video that people can use to gain more knowledge about the situation.  Read this DSNews.com article about this new aid with homeowning below: “The Air Force uses visual flight simulators to train its pilots on proper procedures and prepare them for the actual experience. Virtual reality [...]

  • Share/Bookmark

[Read more →]

Tags:···

HomePath Mortgage and HomePath Renovation Mortgage Enhancements

December 29th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

The following is an announcement from Fannie Mae regarding new Homepath Mortgage & Renovation Mortgage Enhancements: HomePath Mortgage and HomePath Renovation Mortgage Enhancements “Based on lender feedback and REO market needs, we have enhanced both our HomePath Mortgage® and HomePath Renovation Mortgage®. Enhancements are effective for loans delivered on or after February 1, 2011. For [...]

  • Share/Bookmark

[Read more →]

Tags:·························

Foreclosure Freeze is Thawing! Important news for buyers & sellers

November 26th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

According to Fannie Mae, they are lifting some of the holds on eviction actions and REO closings that were put in place in September 2010. The holds were placed in response to the issues of possible defects with affidavits submitted in foreclosure actions. This means the homes that were removed from the market will be [...]

  • Share/Bookmark

[Read more →]

Tags:·················

Speeding up foreclosure proceedings….

July 28th, 2010 · 3 Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, Default Industry REO Conferences, How to Find Foreclosures, In the News, Uncategorized

Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped 21 percent. The GSEs’ prime borrowers are performing [...]

  • Share/Bookmark

[Read more →]

Tags:······