Home Buying in 30047>Question Details

Anonymous, Home Buyer in 30047

Buying a Fannie Mae Property, Second-Time Home Buyer and Down Payment assistance in Lilburn, GA? Info Please?

Asked by Anonymous, 30047 Mon Sep 12, 2011

The home I am referring to is: 2547 Dakota Trl SW, Lilburn, GA 30047

I had read that it was a "Fannie Mae" property? What all does that mean for a buyer?

I am VERY curious about this property- its annual taxes (county/city), and honestly why it isnt selling... it SEEMS like a nice area and a good deal??? But I am from out of state, so I am not sure. It seems like its been on the market for about a year?

*** I keep reading about HIGH property taxes: What are some counties/cities with lower property tax "near" Atlanta?

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Answers

5
Hello how are you? To answer your question(s)Fannie Mae is a program sponsored thru government banks that own the homes because of possible foreclosure or other factors. For you ad a buyer, you can obtain that home for less then the original sells price,buyer incentive throwds your closing costs and even some down payments assistance and possible repair costs. The area is a fare area. Homes sales have taken a hit, but that's everywhere. Other areas where the taxes are kinda low are Henry County, Gwinnett, Rockdale, Newton, Fayette is fair and there homes have maintained a lot of their values.. If you would like further information on this home ir any others, contact me at sabrsut@yahoo.com . Have a great day.
0 votes Thank Flag Link Mon Sep 12, 2011
Hi,

My name is Ashley Terry and I am a realtor in Gwinnett county. I would love to review the property detail with you please feel free to call me at 404-558-3120.
0 votes Thank Flag Link Mon Sep 12, 2011
Hi,

My name is Ashley Terry and I am a realtor in Gwinnett county. I would love to review the property detail with you please feel free to call me at 404-558-3120.
0 votes Thank Flag Link Mon Sep 12, 2011
According to the http://www.HomePath.com website, that property is currently under contract.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream
0 votes Thank Flag Link Mon Sep 12, 2011
Fannie Mae has a special financing program available for some of its REO properties. Its is known as HomePath.

Down payement assistance programs are limited to first time home buyers who will be purchasing a primary residence. A first time home buyer is defined as anyone who has not owned a property in teh last 36 months.

The 2011 property taxes are $3,146.84.


Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream
Web Reference: http://www.rodneymason.com
0 votes Thank Flag Link Mon Sep 12, 2011
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