If you have a buyer for a Fannie Mae foreclosure property, Fannie Mae is running a special until December 31, 2010. 

The following is taken from the Fannie Mae web site.

Fannie Mae is offering buyers up to 3.5% in closing cost assistance and a $1,500 selling agent bonus on HomePath® properties. To be eligible for this incentive:

  • Initial offers must be accepted on or after September 23, 2010;
  • Property sales must close on or before December 31, 2010, and close within 60 days of offer acceptance;
  • Buyers must be owner-occupants and confirm that the property will be used as their primary residence by completing a certification form (investors are excluded); and
  • Selling agents must represent owner-occupant buyers purchasing a HomePath property to receive the $1,500 bonus and offers must be submitted on or after the effective date.
 
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15 Comments on Fannie Mae is having a fire (foreclosure) sale

SEP
24
2010
1 Featured Post Outside Blog

Nice!!! Thanks for sharing.  Do you mind if I repost?? What a great program!!!
8:40am • #1
652,818 Points 9 Featured Posts Outside Blog Called Shot Master

Its good to know they are fine paying most of the closing cost.  Sort of surprised the selling agent gets and incentive but whatever works.
8:41am • #2
546,251 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Morning Richard

Thanks for the post and update. Have a great day.
8:42am • #3
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Chuck,

Thanks for your comments.  You are correct whatever works.
8:42am • #4
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Diane,

Thanks for your comments, by all means feel free to share.
8:43am • #5
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Patrick,

Thanks for your comments.  I hope you have a great day also.
8:43am • #6
105,884 Points 4 Featured Posts Called Shot Master

This is great to know, Richard.  THanks for the info!
8:59am • #7
532,055 Points 45 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Attention shoppers, attention shoppers we are having a blue light special all across the United States...

 

Thanks for the good information
10:26am • #8
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Phil,

Thanks for your comments.
11:14am • #9
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Gerry,

Thanks for your comments.

Perhaps they should have waited and had the sale on the Friday after Thanksgiving.

 
11:15am • #10
725,710 Points 63 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Richard... I had seen this announcement.  Everyone wants a deal these days, so this might just work!
8:15pm • #11
SEP
28
2010
10 Featured Posts Outside Blog Called Shot Master

Great reminder because these types of programs are GREAT for our lower income first time home buyers. There is a certain joy in seeing a young couple buying their first home ! I generally go from being an Agent to an Auntie by the closing table with photos of sonograms on my phone and invitations to baby showers..
11:35am • #12
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Sherily,

 

Thank you for your comments.  It is great working with those young first time home buyers.
1:03pm • #13
DEC
08
2010
328,358 Points 2 Featured Posts

Thanks for this great information, I will be sure to pass it on 
4:23pm • #14
586,344 Points 4 Featured Posts Outside Blog Called Shot Master

Ed,

Thanks for your comments.  As always your continued support is appreciated.
4:35pm • #15


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