Seller-Seconds with 5% Down and No MI - Qualify More Buyers!

This one thrills me to no end! You can save deals! You can’t do it every time because the seller or builder must have equity in the property – but if they do – it can be great for them, also! It not only helps sell the house, they end up with an excellent return on their “secured” investment, and a nice tidy income stream.

(Fannie Mae Selling Guide VII, 104.08; Announcements 08-10 (5-23-08); 08-16 (08-11-08))

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