The best Fannie Mae foreclosure listings with Sacramento homes are the ones offered by professional listings providers. These providers pay support services and researchers so their listings are always updated and complete.

The choices of Sacramento bank owned homes have also increased as the total of auctioned units and REO units in the four-county area in April rose by 46 percent to a total of 1,757.

Those wanting to explore foreclosures beyond Sacramento can also pursue their goals as the total of units that became bank owned homes in California increased to 16,932 units in April, up from 16,892 units in the previous month.

Using a foreclosure listings service to find these foreclosure homes in Sacramento and in other parts of California is easier and more fruitful as these service providers compile their inventory from all sources. This is more so for people looking for Fannie Mae foreclosure listings as Fannie Mae has a pre-selected group of listing brokers to sell their repossessed properties.

Additionally, Fannie Mae has its First Look program which gives the first chance to look at and buy newly listed Fannie properties to owner occupant buyers, nonprofits and public entities. With the help of professionally-run foreclosure listings, buyers interested in Fannie Mae properties can take advantage of the First Look scheme if they are qualified.

In California, first time home buyers can buy low-priced Fannie Mae homes and at the same time take advantage of the statewide tax credit program which was relaunched on May 1 this year and which will run until January 1, 2011. The second phase of the program runs after December 31 this year and ends on July 31, 2011.

Buyers can claim state tax credits up to five percent of the total purchase price but not higher than $10,000. The tax credits will be applied in equal amounts over three consecutive tax years starting with the year when the home was purchased.

To access the best Fannie Mae foreclosure listings, prospective buyers are advised to use the services of professional providers of foreclosure listings.

 Author Resource:->  Original Post: Best Fannie Mae Foreclosure Listings with Sacramento Homes on

Article From Real Estate Pro Articles