After almost 3 years of blazing new trails with short sales along the Emerald Coast, it seems just as we have the process fine tuned and dialed in we are thrown our next challenge…Foreclosures. We are oozing foreclosures and there are more coming to the market every day. We have an very high ratio of foreclosures that have never been listed or attempted to pursue a foreclosure alternative path. We the recent influx of foreclosures along 30A, Miramar Beach, Destin and Panama City Beach we are learning quickly what are the best deals and the tricks and tactics needed for each lender that owns the properties.
Some of the best foreclosure buys on the market today are Fannie Mae Home Path qualified properties. Why are they such great buys? If you are not a cash buyer they offer some of the best financing programs out there with options to finance renovations and repairs. Once specific HOT area is Fannie Mae Home Path Condos.
Buyers looking to finance condos have continually struggled with financing options due HOAs with less than 80% current on their HOA dues or a condo with an investor that owns a large share of condos in one complex…or just about any condo that classified as a Condo-tel.
Fannie Mae Home Path Condo Foreclosures can be financed with only 10% down, no appraisals, and they don't pull HOA financial statements to write the loans!
Team Baranowski has partnered with a major lender that will write loans under the Fannie Mae Home Path program for Condos with 10% down and 30, 20, and 15 year fixed rates as well as 1, 3, 5, 7, and 10 year ARMS!
These are HOT Buys! Every Fannie Mae condo we have written an offer on have been multiple offer scenarios. Below is a list of Condo Foreclosures. Give us a call at 850-259-1788 or 850-259-4270 or email us to determine which ones are Home Path Foreclosures!