Real Estate News: Fannie Extends Distressed Property Deal

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

4/28/2010

Fannie Extends Distressed Property Deal

Fannie Mae is extending an incentive program through June 30 which gives buyers of distressed properties a 3.5 percent rebate of the final sales price. The money may be used for closing costs or selected appliances.

Fannie's current inventory of homes listed on Homepath.com are more than 62,000. The company reported owning 86,000 properties at the end of 2009.

If you are on the market to purchase look for properties listed as having been placed on Homepath.com and take advantage of the rebate as an extra bonus on the sale price. Send me an email if you need help.