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June 16, 2011

Fannie Mae

Fannie Mae expanded incentives to encourage sales of bank-owned REO houses in its HomePath program to owner-occupants. Through Oct. 31, qualified buyers and selling agents can receive financial incentives on sales of properties listed at homepath.com. This is part of Fannie Mae's efforts to stabilize neighborhoods. Buyers must reside in the home as their primary residence. The incentives offer buyers up to 3.5 percent of the final sales price to put toward closing costs. Selling agents representing the buyer receive a $1,200 bonus. The properties include houses, condos and townhouses. The properties may also be eligible for HomePath financing.




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