ON WATER.BULKHEAD AND SMALL DOCK IN BACKYARD;NAVIGABLE WATER TO LAKE PONTCHARTRAIN.HOUSE IS IN NEED OF TLC. POST KATRINA RENOVATED; NEEDS REPAIR. FANNIE MAE HOMEPATH PROPERTY. SELLER WILL CONTRIBUTE UP TO 3.5c OF BUYERS CLOSING COST FOR OWNER OCCUPIED BUYERS CLOSING BY 12/31/10. ELIGIBLE FOR HOMEPATH RENOVATION MORTGAGE WITH AS LITTLE AS 3c DOWN. SOLD AS-IS, NO REPAIRS._ Fannie Mae is currently offering buyers up to 3.5c in closing cost assistance through June 30, 2011._ _ The HomePath property buyer must meet the following qualifications to be eligible:_ _ _Buyers and/or selling agents _the agent representing the buyer_ must request the incentive upon submission of initial offer in order to be eligible._ _The initial offer must be submitted on or after April 11, 2011 and close by June 30, 2011. If an initial offer was made prior to the effective date, the offer is not eligible for the incentive._ _The sale must close on or before June 30, 2011. No exceptions will be made to this deadline._ _Only buyers purchasing a HomePath property as their primary residence may receive up to 3.5c in closing cost assistance. Second homes and investment properties are excluded from the incentive._ _Buyer must sign the Owner Occupant Certification Rider to the Real Estate Purchase Addendum._ _If a buyers total closing costs are under 3.5c, the difference will not be available as a credit to the buyer._
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