Port Hueneme is just one of the wonderful beach communities here in Ventura County.  Much of Port Hueneme is just minutes from some of the counties best beaches as well as the shopping and entertainment destinations of Channel Islands. While the market here in Ventura County is still considered a distressed market, buyers in the Coastal Communities can still purchase great properties (minutes from the beaches) with only 3% down and still pay less for their mortgage than what it would cost them to rent the same property.   Right now, Fannie Mae REO's, which are called HomePath (HP) properties, are properties that were foreclosed by a lender where Fannie Mae was the investor. Because Fannie Mae holds these liens, they can revise their own conventional guidelines in order to move these pro... 11/14/2011