Fannie Mae is expanding buyer incentives it began offering in 2010 to buyers who close on one of the foreclosed houses in its portfolio.
It is also reviving incentives to real estate agents who bring a buyer to the table.
For sales of Fannie Mae-held properties that close on or before Oct. 31, Fannie May will give qualified homebuyers up to 3.5 percent of the final sales price to put toward closing costs. Selling agents representing can get bonuses of up to $1,200.
The offers are not good to investors nor buyers who do not intend to live in the houses.
This is great news for any buyers who are considering a foreclosure. If interested in receiving current list of foreclosed properties please comment below. The Albuquerque home market is improving and now is a great time to buy!