Fannie Mae is expanding its incentives to encourage sales of HomePath REO
properties to owner occupants. Through October 31, qualified home buyers can
receive up to 3.5 percent of the final sales price to put toward closing costs.
Sales agents representing the owner-occupant buyer can receive a $1,200
The incentive must be requested in the initial offer. Eligible initial offers
must be submitted on or after June 14, 2011, and must close by October 31, 2011.
Investor sales are not eligible for the incentive.