September 28th, 2010 10:32 AM by Scott Bray
Fannie Mae is offering seller assistance incentives on its bank-owned properties listed on the company’s REO website, while expanding the initiative to offer an incentive to real estate agents and brokers.
Qualified homebuyers who will be owner-occupants can receive up to 3.5% of the final sales price that can be used toward closing cost assistance, including a home warranty.
In addition, selling agents representing owner-occupants will receive a $1,500 bonus. Eligible offers must be submitted on or after Sept. 23 and must close by Dec. 31, 2010. The sale must close within 60 days of the offer being accepted.
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