Renaissance Realty Group’s Blog: Georgia: Atlanta

Both Fannie Mae and Freddie Mac have established toll-free telephone numbers and web submission processes to make this data available. Borrowers will provide or enter information to determine if either agency owns or securitized the loan. This information is not a guarantee of eligibility for the refinance program, as other qualifying criteria must also be met.

1. For Fannie Mae 1-800-7FANNIE (8am to 8pm EST) resource_center@fanniemae.com
2. Freddie Mac 1-800-FREDDIE (8am to 8pm EST)  www.freddiemac.com/avoidforeclosure

VA Loans

For 2009 the Department of Veterans Affairs (VA) will use a locality-based approach in raising ceilings on its no-downpayment home loans from the current $417,000 to as much as $1,094,625.

The specifics look like this:

In July Congress passed the Housing and Economic Recovery Act of 2008 (HR 3221). In general, the VA loan limit is $417,000. However, a number of areas have been defined as "high cost" counties where loans for as much as $1,094,625 are available. For specifics, speak with local lenders and check to see if a property is located in a "high cost" county by going to:

http://www.homeloans.va.gov/docs/2009_county_loan_limits.pdf

Some important points about financing for vets made by the VA:

• Vets can purchase homes with one to four units provided that they live in one unit. The veteran must certify as to occupancy.
• In the case of an active-duty veteran who cannot occupy because of his or her status as an active duty member of the armed forces, occupancy by the spouse can satisfy the occupancy requirement.

I have a lot of old keys and remotes and heck even a dozen or so old cell phones will some one pay me cash for my old keys ? Is this like a gold  jewelry exchange ?

Sorry to say nope Cash for Keys is ..

Cash for keys describes an agreement between the lender and the homeowner where the lenders offers a lump sum for timely vacancy in an orderly fashion. The amount of cash is negotiable and generally covers moving expenses for the homeowners' goods and belongings. The cash is paid after the property is vacated and inspected, assuming that the property is left in good order.

In many cases the agreements are negotiated by the real estate agent that represents the bank. In other circumstances, the attorneys for the homeowner and the bank come to terms on an equitable cash-for-keys scenario.