Fannie Mae foreclosures in the Brazos County become available for sale under a First Look Program which is designed to put homeowners in the home to help stabilize neighborhoods and so that homeowners do not have to compete with investors. During the First Look Marketing Period a property can only be sold to a qualified buyer. The First Look Marketing Period is 15 days after the property is listed for sale.
How do you know if the foreclosure you are interested in qualifies for the First Look Program? Well of course you can call me, (I have a lot of experience with foreclosures in Bryan College Station!) but you can also go online to HomePath.com. This is the primary website showing properties within the First Look Marketing Period. The site also has a countdown clock showing how many more days are left in the marketing period for Qualified Buyers.
Many of these homes also qualify for Homepath financing. Homepath financing is a little better than most financing options.
HomePath® Mortgage Financing benefits include –
If you find a foreclosure that needs a little TLC, it might qualify for the HomePath® Renovation Mortgage Financing. This special financing is available only on homes that will be your primary residence and the loan offers –
So, when you are ready to purchase a home and possibly even a foreclosure, call me and I’ll put you in touch with a lender that can help you find the best loan.
Century 21 Beal, Inc.