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Homepath Loans in Florida

HOMEPATH LOANS  (offering 90% financing on real estate acquisitions) are possible only on Fannie Mae owned properties.  Homepath requires only a  10%  down-payment,  with NO mortgage insurance , and NO appraisal.  That’s good for investors (although...

Epic in Miami – Fannie Mae Approved Condos in Miami

The Epic is Fannie Mae approved  –  with condos running from the $400,000’s up to 5 million.   Sales Center 300 Biscayne, Miami Florida. Fannie Mae  recently updated their webpage, listing the condo buildings that have been Fannie Mae approved in Miami: 50...

“Deed For Lease” – Alternative to Foreclosure

  As an alternative to foreclosure,  Fannie Mae will now (as of November 2009) allow homeowners (who qualify!) to remain in their homes,  renting,  as tenants… for a year.    Month by month extensions are an option (although not  guaranteed) after the first...

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