- June 2011 (1)
- May 2011 (2)
- April 2011 (1)
WASHINGTON, April 11, 2011—Fannie Mae is sweetening the deal it’s offering on the foreclosed homes it must sell. Buyers can get up to 3.5% of their closing costs paid by the mortgage market giant.
The closing-cost offer applies only to Fannie Mae-owned HomePath properties. The initial offer must be submitted on or after April 11, 2011, and the sale must close on or before June 30, 2011, to be eligible for the incentive.
Financially troubled home owners whose mortgages are guaranteed by Fannie Mae or Freddie Mac will get new foreclosure avoidance help beginning this summer, the Federal Housing Finance Authority said.
With tornadoes sweeping through the Midwest, the Great Plains, the South, and the Mid-Atlantic in recent weeks, home owners across the country are finding out just how well their insurance covers wind damage.
The Insurance Information Institute offers these seven tips for speeding the insurance claims settlement process following a tornado: