THE FANNIE MAE ADDENDUM AND HOME PATH FINANCING
By CHARLENE PERRY, CLTP, Insuring the Past to Protect Your Future
(Key Title Corporation)
Good Morning to all!! I wanted to share with you a very interesting conversation I had this morning with a first time home buyer in the State of Maryland. The buyer called me after reading a few of my blogs here in Activerain relating to the Fannie Mae addendum. She is purchasing a Fannie Mae property here in Maryland and she is taking a loan through HomePath. See FAQ's in the link http://www.fanniemae.com/homepath/homebuyers/faq.jhtmler Her questions to me were in relation to whether or not she was able to use her own title agent, and whether or not she would lose the seller's credit if she did not use the seller's title agent and whether or not she, as a first time home buyer, would be responsible for the payment of the full amount of transfer taxes and stamps. This poor woman w...
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