I get this question all the time. Can the buyer choose the title company when purchasing a Fannie Mae property? The answer is yes. The Fannie Mae addendum states “The closing shall be held at a place designated and approved by the Purchaser. The Purchaser has the right to make an independent selection of their [...]
Archive for July, 2010
Buyer may choose titlte company in Fannie Mae transactions
Posted on: July 27th, 201054 Sweet Bay Drive
Posted on: July 23rd, 201054 Sweet Bay Dr in Cassine Village is conveniently located just off Highway 30a, nestled behind Cassine Garden Townhomes, steps from one of Cassine’s community swimming pools and within walking distance to the Gulf of Mexico, bikeway, shops and eateries of 30a. Community amenities include 2 pools, updated tennis courts, meandering nature trails through a [...]
Florida law puts renters on the hook for unpaid association fees.
Posted on: July 19th, 2010Associations across Florida have been struggling to pay their bills. As of July 1, legislature has adopted a new law to combat his issue. The new law puts renters on the hook for unpaid association fees. If a landlord is not paying their association fees the association must notify the renters. Under the new law, [...]
Fannie Mae is cracking down on strategic defaulters
Posted on: July 19th, 2010Fannie Mae just announced that strategic defaulters will not qualify for new Fannie Mae loans for seven years from the date of their foreclosure. In addition, Fannie Mae will attempt to recoup outstanding mortgage debt from strategic defaulters by going to court.
