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  • Fannie Mae Purchase Addendum 2010

Get Fannie Mae Purchase Addendum 2010-2025

S not intended to cover all changes made to the Addendum. Sections of this document are color-coded to denote who is impacted by the change for easy reference. Please review the Addendum and contact the person assigning your work with any questions. Please note that the state Contract, the Addendum and any Riders are collectively referred to as the “Agreement.” Section 1 a. The term “Verbal Acknowledgement” has been deleted and replaced by the term “Acknowledgement of Sufficient Offe.

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Freddie Mac has different but similar guidelines for accessory dwelling units (ADUs) compared to Fannie Mae. Generally, the ADU must also meet local zoning and building regulations, and must have all necessary facilities to be self-sufficient. While navigating these guidelines, consider the distinction between Fannie Mae and Freddie Mac by reviewing all specific requirements, making the overall process clearer with tools like US Legal Forms when drafting your documents.

The contract must be in writing, contain the full names of the buyer(s) and seller(s), identify the property address or legal description, identify the sales price, and include signatures by the parties. Sales contracts are also known as agreements of sale, purchase agreements, or contracts for sale.

There are a number of closing costs you may be able to negotiate down with your lender, including application fees, fees associated with rate locks or the purchase of points, and the real estate commissions paid to your agent and the seller's agent.

Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.

After submitting a bid correctly through the Online Offers system, real estate agents should receive a confirmation from HomePath.com, generally, within 24 hours. If you have questions about a specific property's status after submitting an offer, contact that property's assigned listing agent.

You must use a real estate agent to present your HomePath purchase offer. Fannie Mae is not a real estate brokerage and does not accept purchase offers from HomePath home buyers directly. Offers to buy Fannie Mae HomePath homes must be submitted through a property's listing agent or via the Fannie Mae website.

Fannie Mae's Ready Buyer™ program can help you buy a home with as little as 3% down for first-time home buyers. You may even qualify for up to 3% in closing cost reimbursement. HomePath homes are usually more affordable than standard-market homes, but they're also sold in as-is condition.

If you plan to purchase a flipped home with an FHA loan, you must abide by the FHA 90-day flipping rule. This rule states that a person selling a flipped home must own the home for more than 90 days before home buyers can purchase the property.

Cash back on purchase transaction Mortgages The Borrower may receive cash back, or a principal curtailment may be made, only as a result of the following: Reimbursement for the overpayment of costs, fees and charges paid by the Borrower in connection with the purchase transaction Mortgage.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232