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Fannie Mae Foreclosure HomePath Financing
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Martin Harris at Regions Bank sent me information about Fannie Mae Foreclosures and HomePath financing, featuring low down payment (10%) for investors on qualifying properties:
We are pleased to announce that Regions Bank has been added as a HomePath Mortgage Lender...... if you have a client purchasing a Fannie Mae foreclosure. Regions is one of the FEW banks in Tennessee that can do provide very special and unique financing whereby there is:
NO APPRAISAL REQUIRED
NO MORTGAGE INSURANCE
ONLY 3% DOWN IF OWNER OCCUPIED
ONLY 10% DOWN IF INVESTOR PROPERTY (the usual down payment is 20% down) Call or email us to get started on this program and take advantage of this great financing. Martin Harris at Regions Bank can pre-approve you for the mortgage and we will be off and running to get you a good deal on a property in Middle Tennessee! Investors, this is especially great news for you if you want a lower down payment than what is usually required! For more information on available properties in Tennessee, call or email us! |
Fannie Mae Will Lease To Homeowners Facing Foreclosure
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Fannie Mae, the government agency who insures many home loans, is putting into place a Deed for Lease™ Program. Qualified homeowners who are facing foreclosure will be able to stay in their homes by signing a lease and voluntarily transferring the property deed back to the bank (lender). This program helps keep sellers in their homes and does not immediately displace them, stabilizes the neighborhood, and helps keep the property from being vandalized. The new program is designed for borrowers who do not qualify for other loan modification programs. Click on the button below for more information. 
MORE INFORMATION AND GUIDELINES
John Rummage is interviewed on WTVF News Channel 5.
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This foreclosure and REO real estate list from Nashville, Brentwood, and Franklin, Davidson and Williamson County, TN, will be updated from time to time. These listings are from MLS and are subject to change. If you are interested in seeing foreclosure properties, or other homes for sale in Nashville TN area, or making an offer on them, Email Sarah or John Rummage for help as your buyer's agent. Also email to get the most current list of foreclosures or other homes on the market in your price range or desired area.
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FAQ And Tips On Foreclosures
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Have you ever asked these questions: What does "REO" mean? How can you identify foreclosures in MLS? Will the banks repair their properties?
Have this e-report instantly emailed to you to get some of the answers.
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