I just learned some fantastic news about Fannie May! Apparently even the foreclosure market has been slowing down, leaving Fannie Mae with a huge inventory of homes. This is a big advantage for those buyers who are looking for a great deal. New loans are being offered as low as 10% down, no PMI, and lower credit scores are qualifying all the way down to the 600’s! If you are looking for a North Georgia or Big Canoe foreclosure, now is the time to get serious.
This is simple 2 step process:
1.Pre Qualify with Fannie Mae before you start looking. Email of call me for more details.
2. Most of my readers are either in Atlanta or out of state so it is very important to secure a local agent (hopefully me) that can save you hours of driving around and getting lost. Having an agent that knows the territory can ensure that you won’t be purchasing a home near the future site of a landfill. There is a misconception that you will save money if you purchase a home without an agent. However the truth is that there is a commission already built in that will go to an agent who represents the bank, not you. So, why not go for the guidance and representation of a local agent?
These homes are promised to be in move in condition, but please take this with the understanding that not everyone lives the way you do, so plan to do a lot of work. Also, please note that not all foreclosures are Fannie Mae. You can only get the loans if you purchase a Fannie Mae foreclosure.
So let’s roll up our sleeves and find a foreclosure!!
Karin Elliott-IBA Mountain Homes
Karin Elliott September 8th, 2010
Posted In: Big Canoe Real Estate