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High Risk Zip Codes and Counties Subject to Additional Downpayment Requirements By Lenders
It just got even tougher to sell properties in locations where foreclosure rates are excessively high. Back in December, Fannie Mae sent a letter to lenders indicating that beginning in January of 2008, loans made for properties in certain zip codes and counties labeled high risk would be subject to additional down-payment requirements. […]
Contributor: Janine Belfast
| New York | New York | February 5th, 2008 | Contact Author | More About Me
Real Estate Auctions…Not Over Till It’s Over
Investors and home buyers seeking bargains have been going in droves to real estate auctions. The number of bank-owned homes taken to the auction block, particularly in high-foreclosure states like California and Florida, is increasing dramatically. On Feb 8 through the 9th, Hudson and Marshall, the real estate auction firm, is scheduled […]
Contributor: Janine Belfast
| New York | New York | February 5th, 2008 | Contact Author | More About Me