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that are in need of cash. This has the effect of making these types of mortgages negotiable, thus, very desirable. This is, in effect, a type of support program.
Urban renewal, lowcost housing, and other kinds of FHA programs are often supported by Fannie Mae with that organization buying the mortgages at their face value. Some builders, as a matter of fact, “tailor” their building activities so that Fannie Mae will buy the mortgages.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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