Showing posts with label Homes For Sale. Show all posts
Showing posts with label Homes For Sale. Show all posts

Monday, February 1, 2010

Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties




Incentive Part of Ongoing Effort to Stabilize Neighborhoods

WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010.

"Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help," said Terry Edwards, Executive Vice President of Credit Portfolio Management. "Homebuyers have the option to choose between financial assistance toward closing costs or new appliances for their home."

Properties eligible for this incentive are listed on HomePath.com and most listings include detailed property descriptions, photographs, community and school information and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Wednesday, January 13, 2010

Program 3648 Representative Mark Tyree Providing Big Help to Homeowners in Small Towns - FOXBusiness.com



BOWLING GREEN, K.Y., Jan 11, 2010 (GlobeNewswire via COMTEX) ----Mark Tyree of Coldwell Banker Legacy Group partnered with Program 3648, a privately-sponsored, nationwide initiative to help homeowners avoid foreclosure, in November of 2008. Mark's efforts under the initiative have positively impacted the lives of many residents in small cities surrounding Bowling Green, Kentucky. In total, Mark Tyree has successfully assisted 20 families with short sale work-out solutions that prevented the families from going through the painful foreclosure process. Tyree is presently helping 26 additional families with many more on the horizon.

Debbie, one homeowner that Mark Tyree helped to avoid foreclosure, recently went through a divorce and as a result, could no longer afford the mortgage payments on her home. The stress of her circumstances began to be lifted from the moment she received a letter from Mark explaining that through Program 3648 he was volunteering his time and resources to help her at no cost whatsoever. She stated that she felt much better after speaking to Mark for the first time. She said, "Mark was a really big help. He was responsive to my needs and always answered my questions in a way I could understand. He did all the work for me; He was just a friend while I went through a difficult process. I felt much better once he solved my situation."

Tyree has only been a Realtor for three years, but since partnering with Program 3648 his Real Estate business has taken off. He states, "Leveraging with Program 3648 has given me the tools I need to reach distressed homeowners and then help them get a fresh start and rebuild their lives."

Program 3648 trains licensed real-estate professionals in most markets throughout the country. These licensed agents then act as a "ground army" of volunteers, reaching out to homeowners who may need assistance. Under Program 3648, Certified Program 3648 Representatives (CPR's), offer to help homeowners, at no cost whatsoever, avoid foreclosure and take advantage of any servicer or government incentives that apply to their particular situation. Allen Ciarlante, Mark Tyree's Program 3648 Transaction Coordinator states, "The best thing about Mark Tyree is that he really goes the extra mile for the homeowner. If I ever need any additional documents or information to complete the deal for the homeowner, I can always count on Mark to get me what I need right away. He is a pleasure to work with."

Co-founder of Program 3648 Jeremy Bowman states, "Hundreds of real-estate professionals throughout the country, like Mark Tyree, have responded to the call to action and are going above and beyond to help homeowners through one of the most difficult processes of their lives. Without them, we would be severely limited in our ability to penetrate most markets and help relieve distressed homeowners of their potential foreclosure." With certified representatives now positioned in most markets nationwide, Program 3648, along with their Representatives, stands poised, ready, and eager to help any homeowner who wants help.

The Program 3648 logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6979

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Program 3648

CONTACT: Program 3648
Cindy Thompson, Director of Administration
1.502.301.8865
1.800.915.1988
cindyt@program3648.org
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.


Program 3648 Representative Mark Tyree Providing Big Help to Homeowners in Small Towns - FOXBusiness.com

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