New Incentive for Buyers Purchasing Fannie Mae REO
I have great news to share with you! Read on:
New Incentive for Buyers Purchasing Fannie Mae REO
Fannie Mae is offering an incentive for buyers purchasing and closing on a Fannie Mae REO between January 28 and April 30, 2010. The incentive's goals are to encourage buyers to purchase REO properties and increase the sales volumes to help manage the higher levels of inventory anticipated this year. The incentive is a total of 3.5% of the final selling price comprised of:
· Closing costs
· The purchase of new Whirlpool® appliances by Fannie Mae
· A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%
Since lenders may impose their own limitations on the use of the 3.5% incentive, buyers should consult their lenders for guidance.
To be eligible for this incentive:
· Offers must be accepted on or after January 28, 2010
· Property sales must close before May 1, 2010
· Buyers must be owner-occupants, investors are excluded
Please call or email me for more information and forms.
Kate Smith, Realtor®, ABR, CRS, E-Pro, TRC, LHM
786.412.8510 kate@hollywood-beach-real-estate.com; katsmith@ziprealty.com
http://www.hollywood-beach-real-estate.com; BLOG: http://4realestate.wordpress.com
http://www.linkedin.com/in/miamirealtorkatesmith
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