The Real Estate Market And You!!! There is so much happening right now that we encourage you to give us a call 661-203-3544 and let us help you find the information that you need to know. This is a great time to buy. Need help buying a home? State and local housing authorities often have programs to help homebuyers research and purchase a home. Programs can include counseling, down payment assistance, and more. Neighborhood Stabilization Program (NSP)
Currently, some local housing authorities and housing non-profits have programs for homebuyers that use HUD's Neighborhood Stabilization Program funds. Fannie Mae supports NSP and offers some concessions to streamline the purchase of Fannie Mae properties for buyers using NSP funds. This includes: - Deposit Waivers - Fannie Mae will waive the earnest money/deposit requirement for public entities using public funds to purchase a Fannie Mae-owned property. Individual homebuyers using public funds to purchase a Fannie Mae-owned property do not have to meet the full 5% earnest money/deposit requirement. Deposits can be as low as $500.
- Reserved Contract Period - Upon receipt of an acceptable offer, buyers have the ability to renegotiate their offer after obtaining an NSP-required appraisal.
- Extra Time for Closing - Buyer receives up to 45 days to close, 15 days more than is usually permitted for purchases of Fannie Mae-owned properties.
For more information on NSP programs in your area www.homepath.com Also, speak with a lender, accountant or attorney to learn more about how this may apply to you. I currently hold the following designations - Graduate of Realtors Institute and SRF (Short Sale Forclosure Resource Certification) There are great ways to search for that special home be sure you check out Office Listings and MLS search buttons. Please browse my website for listings, reports and important local real estate information.
Sincerely,
Carson Blacklock Lic. #01468894
REALTOR®, GRI® ,SRES®
McKinzie Nielsen Real Estate Group 661-203-3544  ContactMe CLICK HERE TO CONTACT ME ON ALL DETAILS. Please enjoy browsing my site, and don't hesitate to call me with any questions you may have. Thank you for visiting!
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