All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's co
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06/09/2010
Fannie Mae wants to be sure that prospective buyers will be able to complete the sales transaction, including obtaining financing when needed. Prequalification allows you to see how much house you can afford and the mortgage amount you may be able to qualify for before you make an offer on a hom
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06/04/2010
Fannie Mae may make some repairs to properties to increase their marketability; however, the buyer should be aware that other repairs may be needed. Fannie Mae sells each property "as is," which means that the buyer accepts the property "as is." Fannie Mae is not responsible for fixing any probl
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06/04/2010
Usually, when you buy a home, you deal with a seller who lives in the home. Fannie Mae has acquired these properties through foreclosure, deed in lieu of foreclosure, or forfeiture. When buying a Fannie Mae-owned home, you should know the condition of the property, as explained in more detail be
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06/04/2010
Fannie Mae works with all of its partners to help homeowners prevent and avoid foreclosure; however, sometimes it is unavoidable. When foreclosures occur on mortgages in which Fannie Mae is the investor, our goal is to sell properties in a timely manner in order to minimize the impact on the com
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06/04/2010
Scam artists are stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure when HUD-approved counseling agencies provide the same services for free. If you receive an offer, information or advice that sounds too good to be true, it probably is. Don't
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06/04/2010
Under existing law the fee to record a real estate document is $11 for the first page plus $2 for each additional page. This has been changed by Senate Bill 507, signed into law by Governor James Doyle May 12, 2010, as Wisconsin Act 314. Effective June 25, 2010, recording fees will change to a
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06/04/2010
2010 started like 2009 ended for Wisconsin's housing market, with strong sales and stable prices, according to first quarter data released by the Wisconsin REALTORS® Association (WRA). Sales of existing homes rose by 16.8 percent in the first three months of 2010 compared to the same quarter las
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06/04/2010
Generally, lenders in Wisconsin will send a warning letter or otherwise warn debtors that foreclosure filings may take place. To initiate a Wisconsin foreclosure, the lender must file the correct documents in court. In addition, the lender needs to have a notice of the filing delivered to lien h
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12/19/2009
- Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: Yes - Primary Security Instruments: Deed of Trust, Mortgage - Timeline: Typically 90 days - Right of Redemption: Yes - Deficiency Judgments Allowed: Yes In Wisconsin, lenders may foreclose on deeds of
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12/19/2009
