Fannie Mae Foreclosures for Sale. Fannie Mae is a company supported by the federal government. Fannie Mae's mandate is to make property ownership more accessible for Americans. To meet this aim, Fannie Mae acts as a lending organization. If you are looking for a property, Fannie Mae foreclosures and financing options can be a good place to start. Since Fannie Mae is a lending institution, it must also deal with lenders who cannot repay their mortgage.
This means that the organization is also a good source for finding discounted Fannie Mae foreclosure homes. Fannie Mae purchases distressed homes and resells them as Fannie Mae foreclosed homes at significantly reduced prices. These government foreclosures are a great option for new homeowners and are a real boon for homeowners who cannot afford traditional real estate. Whether you buy federal homes from Fannie Mae or buy traditional property, Fannie Mae can help you with financing your purchase. 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. 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. Discounts of 3. 0% and even 5.
An Americans Guide to the 2013 Government Mortgage Assistance Payments and Help Programs If you are Late on your mortgage, there may be a program that can help you keep your home. See if you qualify for the U.S. US Department of Housing and Urban Development Homestore. Search HUD Homes for Sale. Place bids on HUD Homes. Apply for a HUD NAID application. Find a HUD registered broker or agent. Take Back Your Meds is a group of over 270 organizations in Washington State who support creation of a statewide program for the safe return and disposal of unwanted medicines. Washington State residents. The Wake County Revenue Department dockets foreclosure judgments with the court system for unpaid property taxes on real estate. This is a preliminary step to selling the property at public auction for satisfaction of the tax.
Get Information on Fannie Mae foreclosures for sale - properties sold from 30% to 60% below market value! Gaston County Tax Foreclosures. Once a real property tax bill has become delinquent, the Tax Director may use the In Rem method of foreclosure to satisfy the tax lien on real property, as stated in NCGS 105-375. Down payment assistance programs allowed the seller and charitable organizations to contribute towards the closing costs and down payment of FHA loans. The Web’s #1 Source for HUD homes, government foreclosures and houses for sale HUD Foreclosure listings and resources. Save up to 50% on government foreclosures in your area.
Unlike bank foreclosures, distressed government properties often include great financing programs that can help make a distressed home affordable. Fannie 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. The sooner you buy your home, the sooner you can start enjoying equity and a long- term asset that can secure your financial future.
Bank. Foreclosures. Sale. com can help. At Bank. Foreclosures. Sale. com, 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.