This is really exciting. My wife and I are actually in the market for a new home right now, and we are really looking hard at Fannie Mae Homepath properties. Fannie is offering up to 3.5% for closing costs or new appliances (partnered with Whirlpool) or a combination of the two. This is a great incentive, especially because we all know most foreclosures need a LOT of work, so we need to save our cash for that. Although we are also looking at Homepath Renovation Mortgage financing too, which would allow us to finance our fix-up costs and just get it all done upfront.
We put our house on the market just last week, had our first two open houses Sat and Sun, they went GREAT! Wish us luck as we try to get this place under contract and move into something else!
Ben
Monday, February 1, 2010
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