Fannie Playing One-Upsmanship with Freddie On Foreclosure Incentives--Take Another Look!

Yeah...There are lots of Fannie and Freddie Foreclsoure Listings out there, right? And since Fannie is playing one-upmanship with Freddie right now--you might as well take advantange of the games (oh, I mean incentives) they are playing! 

Fannie wants their foreclosures to stand out above the crowd...with new incentives!

Fannie wants their foreclosed homes to stand out above the crowd and they are offering some pretty cool incentives for real estate agents to sell them by the end of the year. 

Here's what Fannie has going on: 

1. Special financing - 3% down payment
2. Will pay 3.5% of buyers closing costs
3. $1500 selling bonus if client is going to occupy the home
4. No PMI insurance
5. Effective with offers written on September 23 (and after)
6. Must close by Dec 31, 2010.

http://www.fanniemae.com/homepath/realestateprof/index.jhtml

So, what are the incentives to sell a Freddie Mac owned property?  Let's compare: 

1. Minimum Sales Price: $25,000
2. Owner-occupied only
3. No second homes
4. 2-year HomeProtect Warranty
5. Up to 30% discount on new appliances
6. Will negotiate paying buyer's closing costs
7. No effective date

http://homesteps.com/rl01_sell_agentselect.htm