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09/27/09
‘First Look’ aids home purchases
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 12:13 pm

Arizona home buyers trying to tap federal funds to help them purchase foreclosure homes now may find it a little easier.

Mortgage giant Fannie Mae recently launched a program called “First Look” that bars investors from bidding on its foreclosure homes for the first 15 days that they go on the market. In metropolitan Phoenix, first-time buyers typically lose out to investors on the best foreclosure homes.   more…



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