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Jean Kelly

FANNIE MAE DOES HAVE THEIR COLLECTIVE HEADS IN THE WRONG PLACE

11-06-09
Jean Kelly

FANNIE MAE IS NOW SUPPRESSING THE HOUSING MARKET FURTHER WHILE LOSING TONS OF MONEY ON REO'S. THEY WANT A SIX MONTH ANTI-FLIPPING CLAUSE IN THE DEED FOR PURCHASERS OF FORECLOSED PROPERTIES.

READ ON...

Fannie Mae IS Requiring agents marketing it's REO properties to include text in sales contracts providing that certain anti-flip language will be included in DEEDS. The text is generally consistent:

"Grantee herein shall be prohibited from conveying captioned property to a bona fide purchaser for value for a sale prices of greater than ($______=120% of sales price) for a period of one hundered and eighty (180) days from the date of this deed. Grantee shall also be prohibited from encumbering subject property with a security interest in the amount greater than ($_____=120% of sales price) for a period of one hundred and eighty (180) days from the date of this deed. These restrictions shall run with the land and are not personal to grantee. "

HOw's that for discouraging investors? It will serve to reserve the property for 1st timers, and move-up's, but will probably cause inventory to be further bloated.

Titusville High School Project Graduation Golf Tournament

11-06-09
Jean Kelly

TITUSVILLE HIGH SCHOOL

PROJECT GRADUATION 2010

GOLF

TOURNAMENT

AND SILENT AUCTION

SATURDAY NOVEMBER 21ST 2009 8:30 AM SHOTGUN

ROYAL OAK GOLF AND COUNTRY CLUB, TITUSVILLE FLORIDA

REGISTRATION BEGINS AT 7:30 AM.

SIGN UP AND HELP GIVE OUR UPCOMING GRADUATES A SAFE, ALCOHOL AND SUBSTANCE FREE

EVENT FOLLOWING GRADUATION - YOU MAY SAVE A LIFE

$65.00 PER PLAYER\100.00 HOLD SPONSORSHIPS\20.00 - 8 MULLIGNAS

WIN A RON NORRIS BUICK LACROSS FOR A HOLE IN ONE ON HOLE NUMBER 11

HIS/HERS LONGEST DRIVE, CLOSEST TO PIN

HAVE A TON OF FUN AND HELP NEW GRADS. CONTACT

TAMMY KISER 321-698-3423 OR EMAIL TAMMYREALTOR@CFL.RR.COM

Brevard County Housing Authority

11-01-09
Jean Kelly

Brevard County housing authority has money at the moment. This money requires that a potential buyer attend a short homeowners class and meet county qualifications. Up to $30,000.00 in assistance grants are available per homebuyer. Are you eligible? Call me at 321-759-4447 to find out.

Want to see the data? http://www.chibrevard.org/limits/index.htm

Email me or call me at 321-759-4447