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Old 03-19-2012, 10:48 AM
 
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I was looking over their properties for sale and some of them seem fairly nice and reasonable. What are the pros and cons of buying from them?

I am looking at a condo around Okeechobee and Weybridge.

Go Hawkeyes.
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Old 03-19-2012, 12:12 PM
 
Location: Palm Beach County
1,708 posts, read 4,413,092 times
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If you can get it they are a good way to go. 3% down, no PMI, no appraisal needed, reasonable interest rate, and they will usually pay your closing costs if the offer is good enough. Once in awhile they rehab the property too if it's needed.

Only problem is if they are priced well, they go so fast it's tough to actually get one.

It's not just condos you can do the homepath with all Fannie Mae Reo's I believe.

Not all lenders do homepath loans though so make sure yours does. There is a list on the website.
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Old 03-19-2012, 12:45 PM
 
4 posts, read 6,538 times
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Thanks for the reply.
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