Monday, May 19th 2008

Good news for borrowers! From an article in Friday’s Rocky Mountain News, Fannie Mae announced that it will drop its policy of requiring higher down payments in specific zip codes where real estate markets have been declining. If a borrower was buying a home where Fannie Mae had determined market values were declining, Fannie Mae was requiring at least a 10% down payment. The change in policy should help ease credit concerns and open more opportunities for home buyers. The National Association of Realtors, NAR, had lobbied hard with Fannie Mae and Freddie Mac officials to change its declining market policy. NAR position was the declining market policy was stigmatizing zip codes and properties worst hit by foreclosures, greatly hindering the reinvestment in struggling real estate markets.

 

Buyers

Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more.

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.