Foreclosure in 19018 : Advice

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Martin Macis…, Real Estate Pro in South Portland, ME
Martin Macisso answered:
can fannie mae (seller) of a foreclosed house nullify a contract even though they agreed to the offer and the buyer has a mortgage commitment?
Fannie Mae has a special P&S addendum they include in the acceptance of an offer....it has a lot of legal wiggle room...its basically gives them a pull out option if they feel there ... more
0 votes Share Flag Fri Oct 2, 2009 Foreclosure in 19018
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
How long has FHA 203k loans been in existence? Should a realtor be familiar with this type of loan if asked about it?
The 203k program has been around a long time. The issue has been finding lenders that handled the program. The loan program is more time consuming and limited lender either offer the pr ... more
0 votes Share Flag Fri Sep 11, 2009 Foreclosure in 19018
Bev Kalb, Real Estate Pro in 19503
Bev Kalb answered:
When buying a foreclosed home,can the attorneys change the terms as far as total $$$ needed at settlement?
It is not uncommon for a bank forclosure to require the buyer to pay both sides (2%) of the Pa. transfer tax.
This should have been stated in MLS. However, even after the bank accepts ... more
1 vote Share Flag Tue Jul 14, 2009 Foreclosure in 19018
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