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I am sure many have heard about the new Fannie Mae program, but thought I would pass this on just in case. Read on.....Fannie Mae today announced a new seller-assistance incentive for Fannie Mae-owned properties that are listed on the company's REO website, http://www.homepath.com/ – and it offers an incentive to real estate agents and brokers.Agents representing owner-occupants will receive a $1,500 bonus. Homebuyers can receive up to 3.5 percent of the sales price towards closing costs, and that would include a home warranty. Offers must be submitted on or after Sept. 23rd of this year, and must close by Dec. 31st. The sale must also close within 60 days of acceptance.I found a great Fannie Mae property - in great condition, I might add - this past summer for buyers who had limited financing choices. Since Fannie Mae only requires 3% down, it worked out great. If your buyer is similarly limited, you might point them toward the above site to search for property. They even have homes there prior to their being listed with a realtor, so the buyer can be ahead of the game. In the interest of full disclosure, you might want to mention the realtor incentive.
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