All Forum Posts by: Chuck Redman

Dawn A. No they don't say that on their website.

It still looks like a viable option around the typical max of 4 or 5 conventional loans before you have to go commercial lending.

Eric Thomson From reading about the program on their website it looks like a good avenue to pursue as they will allow up to 20 properties mortgaged with them for investment properties under the HomePath program and 4 properties under the HomePath Renovation program. That is the way I read it.

I would landscape the front and repaint the house. Get rid of the drab grey.

Here in Houston they are buying them up in pools. One real estate agent told me she is only working with them as she is getting full compensation from them.

sure that isn't a typo? maybe verify that # on the county tax rolls!

Does anyone have any experience in purchasing an REO through Fannie Mae HomePath program? How about their HomePath Renovation loan program?

I am working on getting mine now. I see it as a benefit to REI and another avenue for income.

Ok got it!

So what did the HOA gain from that? Appears to be nothing to me since now the mortgage company will come in and take title. Correct?

An HOA foreclosure is not going to wipe out the mortgage on the property correct? So is the HOA now responsible for the mortgage?