Fannie Mae revives buyer incentives
Fannie Mae is expanding buyer incentives it began offering in 2010 to buyers who close on one of the foreclosed houses in its portfolio, the Washington Business Journal reported. It is also reviving incentives to real estate agents who bring a buyer to the table. For sales of Fannie Mae-held properties that close on or before Oct. 31, Fannie Mae will give qualified home buyers up to 3.5 percent of the final sales price to put toward closing costs. Selling agents representing can get bonuses of up to $1,200.
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