GoHoming Blog » Fannie Mae http://blog.gohoming.com Blog on REOs, foreclosures and the mortgage industry Fri, 28 Oct 2011 12:30:33 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Fannie Mae Incentives to Purchase REO Listings http://blog.gohoming.com/reo/fannie-mae-incentives-to-purchase-reo-listings/ http://blog.gohoming.com/reo/fannie-mae-incentives-to-purchase-reo-listings/#comments Thu, 18 Feb 2010 22:30:55 +0000 GoHoming http://blog.gohoming.com/?p=28 Fannie Mae is now giving buyers who purchase their HomePath® properties, which are really just their REO properties, in an attempt to sell them more quickly. The company is giving buyers up to 3.5% of the final sales price toward closing costs, new Whirlpool® appliances, or both. To qualify for the incentive, buyers must use the home as their primary residence and they must close on the property prior to May 1, 2010.

The fact that Fannie Mae has so many of their own foreclosure listings for sale that they’re having to offer home buyer incentives to get rid of them just goes to show that there are a lot of REO homes on the market (and more to come), so now is a better time than ever to consider purchasing an REO home.

While Fannie Mae is offering some incentives, the online bidding that GoHoming.com offers is sure to get you the best market value for an REO home, even if you’re an investor. And qualified home buyers can still take advantage of federal and state housing incentive programs, FHA loans, etc.

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