Fannie Mae will Pay Closing Costs

Published 01 February 10 12:06 PM | Chris & Karen Highland 

On Friday, the last business day of January, Fannie Mae announced that it would pay the closing costs, up to 3.5%, on purchases of foreclosed homes in its inventory.

Fannie Mae is the country's largest provider of residential home funding, and is making this offer in an effort to clear out it's nearly 50,000 home inventory.  The website HomePath.com was created to aid in selling this inventory.

But the offer is only good until May 1, 2010.  88 days.

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To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market or the Montgomery County Real Estate Market.  (Including Foreclosures)                                                                                                                                             

                                                          Frederick Real Estate          Frederick Real Estate        
                                                                                                                                                                                                       
                                                                     The Highland Real Estate Group                      
                                                    Chris & Karen Highland * Frederick County MD Real Estate Agents
                                                                    Specializing in Frederick County Real Estate 
                                                                                        301-831-9947         
                                                                                 Real Estate Teams, LLC
                                                                                   isell4u2@msn.com 

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About Chris & Karen Highland

We’re Chris and Karen Highland, The Highland Real Estate Group. We’ve lived in the Frederick area for over 18 years and are raising our 4 children here. We’ve seen many communities built where there once was farmland. We love the “small-city yet large-town” atmosphere of Frederick, the quality of life, and the affordability we’ve found here. I've been selling real estate in Central Maryland for almost 16 years. Karen has been helping me over the years in different capacities, as an assistant, then as a buyer’s agent. For a year, I managed an office and Karen took over the bulk of the business. It was a great experience for both of us. I managed 90+ agents and saw more contracts come over my desk than the previous 14 years combined! Now I'm back, running the business and Karen is running the office, and blogging and marketing. With each new year comes a different kind of market and new challenges. In this present market, we face many challenges with mortgage problems, distressed properties and the credit crunch. I've gotten a nationally recognized certification , CDPE, Certified Distressed Properties Expert, to equip me to help homeowners in distress. I'll be blogging about a lot of these issues and about all kinds of real estate topics. Karen and I always have something to say! Join us in our online, ongoing conversation about Frederick Real Estate