Fannie mae foreclosures dyer in
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For example, a recent examination by The Wall Street Journal found that in Johnson County, Texas - an area sitting atop the Barnett Shale on the southern edge of Fort Worth with a population of 150,000 - 99.5 percent of county residents live within a mile of one or more of the 3,900 wells that now blanket the county. When a shale play and a population center collide, the results are staggering. And it is predicted that we are only in the beginning stages of the current drilling boom, which will eventually extend into 34 of the lower 48 states. More than 15 million people now live within one mile of an oil and gas well that has been drilled and fracked just since the year 2000. We also offer an array of resources – compiled by real estate professionals – to put you on the right track to home ownership.Last week, in part one of this series, we examined how fracking and oil and gas shale development is likely driving down home values for the millions of Americans living near wells, production platforms, pipelines and other industrial paraphernalia belonging to the oil and gas industry as a result of its current drilling boom.Īs we noted, the problem is a large one. At, we offer the latest listings of Fannie Mae homes, government foreclosures, and other distressed properties for sale. The sooner you buy your home, the sooner you can start enjoying equity and a long-term asset that can secure your financial future. If you want to buy an affordable property, don't wait any longer. While both help Americans afford homes, Fannie Mae offers special programs directly for homeowners and offers home foreclosures for sale.
#FANNIE MAE FORECLOSURES DYER IN MAC#
Fannie Mae is concerned with homeownership while Freddie Mac is an organization that insures mortgages.
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Many homebuyers confuse Fannie Mae and Freddie Mac. Unlike bank foreclosures, distressed government properties often include great financing programs that can help make a distressed home affordable.
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Discounts of 30% and even 50% are possible.
#FANNIE MAE FORECLOSURES DYER IN FULL#
Since the primary aim is to reclaim the money quickly and since most homeowners do not owe the full amount of their property value in mortgages, most Fannie Mae foreclosures for sale are priced below market value. When this happens, the homeowner's loan is in default and, to recoup the money lost on the loan, Fannie Mae will take over ownership of the property and resell it as a foreclosure in order to earn back the money lost on the loan.
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As a lending institution, Fannie Mae is sometimes faced with homeowners who do not repay their home loan. One of the most powerful ways that Fannie Mae can help you buy a home is by offering low-cost homes. If you are worried about buying a home because you have bad credit or a low income, Fannie Mae also has special programs that can help you secure a property. Whether you buy federal homes from Fannie Mae or buy traditional property, Fannie Mae can help you with financing your purchase. These government foreclosures are a great option for new homeowners and are a real boon for homeowners who cannot afford traditional real estate. Fannie Mae purchases distressed homes and resells them as Fannie Mae foreclosed homes at significantly reduced prices. Since the aim of Fannie Mae is to provide homeownership opportunities for more Americans, the company makes every effort to provide affordable homes and reasonable financing options. This means that the organization is also a good source for finding discounted Fannie Mae foreclosure homes. Since Fannie Mae is a lending institution, it must also deal with lenders who cannot repay their mortgage. If you are looking for a property, Fannie Mae foreclosures and financing options can be a good place to start. To meet this aim, Fannie Mae acts as a lending organization. Fannie Mae's mandate is to make property ownership more accessible for Americans. Fannie Mae is a company supported by the federal government.