Buyers First Shot At Buying REO Homes

Buyers First Shot At Buying REO Homes




Watch the first 2:30 mintues of this video, you'll be happy to hear the news!






Summary:

Federal Housing Finance Agency released a notice directing lenders not to sell distressed Fannie or Freddie Properties to investors unless they do two things first;

1. Lenders must take every possible step to allow the current owner to stay in the house.

2. If the property gets turned over to either Fannie Mae or Freddie Mac as part of their REO Inventory. New owner-occupantsproperty buyers" primary residence" will have up to 20 days to buy the property. After20 daysinvestors will have an opportunity to buy the property


Non-Performing Loan (NPL) Sale Requirements Click on the link:   http://www.fhfa.gov/Media/PublicAffairs/Pages/Non-Performing-Loan-(NPL)-Sale-Requirements.aspx

For more information on how to obtain REO property info, contact Izzy Rodriguez at 408-223-5629












Alessandra Imanabadi Headshot
Author:
Phone: 510-504-2528
Dated: April 2nd 2015
Views: 240
About Alessandra: Hi, this is Alessandra and I have been practicing Real Estate for over 14 years because I truly love...

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