Simi Valley Fannie Mae and Freddie Mac REO's
I got word through the grapevine that Fannie Mae and Freddie Mac were going to start releasing their REO's and it is happening. The last 12 days I have noticed in Simi Valley more REO's coming on the market and sure enough most of them were Fannie and Freddie properties. There are currently 7 REO's on the market and guess how many of them are Government owned. 5! That's 71%! That's good news for buyers in Simi Valley looking to purchase a home for their personal residence. Fannie Mae offers a special program called the First Look Period. During the first look period (which is 15 days long), Fannie Mae will only look at owner occupied offers. What does that mean for buyers? This means buyers looking for a personal residence to make their home will not be competing against all the investors/hedge funds out there. Another thing Fannie Mae offers is Homepath Financing. With Homepath Financing, buyers are able to put as little as 3% down with no PMI!
To get more information about Homepath Financing call Troop Real Estate @ 805.206.6363 or check out their website at www.homepath.com.To see a list of foreclosures available in Simi Valley check out www.seansanjose.com/simi-valley-foreclosures and for more information about foreclosures anywhere else in California check out www.seansanjose.com/foreclosure-search.
For information on how to avoid foreclosure check out www.seansanjose.com/short-sales
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