FORECLOSURE. This home is situated in a one of Panama City's beautiful old neighborhoods, Forest Park. Perched on a large corner lot, this home was built in 1958 but the effective year built is 1986. This sturdy cinder block home needs a little TLC but will make a good investment or a wonderful family home. Convenient to restuarants, shopping, medical facilities.The listing is eligible for Home Path and Home Path Renovation Financing which can get you in with as little as 3% down for primary home users or 10 % down for investors with no MI and no appraisal fee. There is an additional incentive for buyers who place a Fannie Mae property under contract after January 27, 2010 Property sale must close on or before June 30, 2010. An additional 3.5% will be credited to buyer for buyer to use either to purchase new whirlpool appliances or applicable to buyer closing costs. This special home path incentive is for primary home owner only.