Fannie Mae — among the largest mortgage lending institutions in the nation — has introduced an attractive financing program to “jump-start sales” of its homes in South Florida and beyond, according to the Daily Business Review.

HomePath.com, which includes all properties that are owned by Fannie Mae, will now offer homebuyers the opportunity to purchase foreclosures with just 3 percent down through its HomePath® Mortgage Financing program.

The report indicates that “buyers of Fannie Mae-owned homes can finance up to 97 percent of the sale price and don’t need to buy mortgage insurance, typically a requirement of low down-payment loans.”

Jane Severn, Fannie Mae director of new business initiatives, had this to say about the financing program:

“We heard from buyers that getting financing is one of their biggest challenges when looking to buy a property, particularly foreclosed properties. We are trying to be as flexible as possible for someone to buy a Fannie Mae home.”

There is a wide selection of homes currently listed on HomePath.com, including single-family homes, condominiums, and town houses, which are located in a variety of neighborhoods in all corners of the United States.

To check out the Fannie Mae-owned homes available in your area today visit HomePath.com.

Classes meet every Thursday morning at the Palm Beach County Courthouse in West Palm Beach, Fla., at 9:30 a.m. ET. Call (866) 382-2439 today to reserve your spot!

Now you can find your dream home even “quicker” and for less!

QuickSale℠ is the absolute best place on the Internet to find the hottest distressed real estate deals in your area. What has that got to do with Foreclosure.com?

As of this month … everything.

Along with all the other amazing investment opportunities available in our database of more than two million nationwide listings, Foreclosure.com recently added QuickSale℠ properties into the mix. These homes are aggressively priced to sell fast.

That means you won’t find a better selection of great, affordable homes anywhere else … period. To start your search now click here.

QuickSale℠ works direct with banks, lenders and other financial institutions throughout the nation, negotiating the lowest possible home prices to help them move inventory fast and help you achieve the dream of homeownership.

Its experienced team of real estate professionals is able to slash home prices drastically for your benefit, representing tremendous money-saving opportunities to you as the buyer.

Why overspend or even pay fair market value for a home when you don’t have to?

Read the rest of this entry »

Home values in the 20 largest metropolitan areas located throughout the United States fell at the fastest annual rate ever (19.1 percent) in the first quarter of 2009, according to the latest Standard & Poor’s Case-Shiller Home Price Index.

All told, home prices have dipped 32.2 percent since the peak of the market in the second quarter of 2006.

The good news for homeowners is that the report indicates that month-to-month declines have continued to slow down; however, there is still no sign that the market has hit rock bottom. In fact, Phoenix, Ariz., Las Vegas, Nevada, and San Francisco, Calif., “all recorded declines of more than 30 percent.”

On the flip side, Charlotte, N.C., and Denver, Colo., each “edged up” 1 percent from Feb. to March 2009.

So what’s it all mean for you?

Well, first-time buyers and investors alike are able to take advantage of the best home prices to come around in years. And it appears that they are doing just that with foreclosure-related purchases accounting for nearly half of all recent real estate transactions.

Searching for homes on Foreclosure.com these days is like choosing from discounts on already discounted prices … it’s unbelievable. But as we’ve been telling you all along … this situation, which also includes a $8,000 government-sponsored tax credit until Dec. 1, 2009, will not last forever.

Check out all the hottest foreclosure deals in your area today before it’s too late. Click here.

It doesn’t matter where you want to settle and grow roots or invest in real estate — foreclosures are scattered throughout the United States and ripe for the picking. Finding the one that is right for you, however, is the true challenge.

Just because a property is termed a “foreclosure” doesn’t mean it’s the best deal available. On the contrary, there are some bank-owned listings out there right now that should not be considered deals because, when compared to the rest of the inventory out on the market, they simply don’t stack up.

So what makes a great real estate deal?

That important question is one that we answer in detail in our May 2009 edition of “Investment Exchange,” which we have dubbed “Prospecting for Great Deals.” Remember that “Investment Exchange” is a FREE resource that Foreclosure.com provides its site visitors.

To check out “Prospecting for Great Deals” today be sure to click here.

It sounds tired and cliché, but the tried and true adage of “location, location, location” still rings true today. Indeed, if you’re going to get into the foreclosure game, you’ve got to do your homework and buy smart.

Of course, a killer location is meaningless in terms of profit margin if you overpay. So you have to price it right and find a below-market deal, as well as finance your purchase on the cheap if and when possible.

How exactly do you do that? We tell you all about it and more in “Prospecting for Great Deals” right here.

Now more than ever, achieving the the American Dream at half the cost is a very real possibility. There has never been an easier, more exciting and lower risk time to buy. But these conditions can’t last forever … the time to act is NOW!

To sign up to receive our educational real estate newsletter automatically each month via email at no cost click here.