One of the ways the federal government promotes homeownership is by providing financing through Fannie Mae (FNMA or Federal National Mortgage Association), Ginnie Mae (GNMA or Government National Mortgage Association), and Freddie Mac (FHLMC or Federal Home Loan Mortgage Corporation).
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. If you want to buy an affordable property, don't wait any longer.
Report possible fraud directly to Fannie Mae at Mortgage Fraud Tips.You may also call our Fraud Tips Hotline at 1-800-2FANNIE (1-800-232-6643) to report possible fraud or if you have other concerns relating to a Fannie Mae-owned property. FreeRealEstateresources.com helps to find Fannie Mae Foreclosures for sale with reasonable price. Any real estate investor prime interest will be to find out the perfect profitable Fannie Mae foreclosed home and with our extensive free foreclosure homes listings database that has a list of over a million homes, you will be able to find the right home that you are looking for very easily. Fine Homes for Sale Priced from $150,000 to $400,000; Luxury Homes for Sale Priced at $400,000 plus; Fannie Mae - Freddie Mac - FDIC Foreclosures for Sale; VA Foreclosures - Repos for Sale; Map Search; Featured Properties for Sale; Homes with Airstrips; 1 Car Garage Homes for Sale; 2 Car Garage Homes for Sale; 3 Car Garage Homes for Sale; 4.
All of these organizations purchase residential mortgages and then convert the mortgages into securities for sale to investors, indirectly financing the purchase of homes. Because Fannie Mae and Freddie Mac are such an integral part of home financing, they end up with a huge number of foreclosure properties that they must sell, particularly in large markets, and many of these properties are not HUD or VA homes.
If you stumble upon what looks like a great deal, make your offer subject to a satisfactory home inspection. Delaying your offer until you can have the home inspected opens the possibility that another buyer will swoop in and buy the property. By making your offer subject to a satisfactory home inspection, you can get your offer in and then back out if the property needs a lot of work. Present your offer, but make sure it has a good contingency clause you can use for an emergency exit.
How to download more ram on windows 7. Freddie Mac has a Web site devoted exclusively to promoting the sales of the homes it owns called HomeSteps. This site features a searchable online database containing information on thousands of homes, primarily REO properties, all across the nation. Freddie Mac lists most of the homes with brokers, but it also holds online auctions, so you can bid for properties in the comfort of your home or office.
HomeSteps provides very sketchy information about its homes, but it does provide the name and phone number of the real estate agent to call. When you find a home that interests you, call the agent to schedule a tour.
Freddie Mac’s older sister, Fannie Mae has her own Web site for homebuyers. Complete the search form to specify your desired price range and location, and click Search.
Hud Homes For Sale
Homes For Sale By Fannie Mae And Freddie Mac
If Fannie Mae has any properties for sale that match your search criteria, the site displays a list of the available properties, and you can click a link to obtain additional information, including contact information for the listing agent.