Homebuyers who purchase Fannie Mae-owned homes, which are listed on its HomePath.com website, now have four additional months to earn up to 3.5 percent back on the final sale prices to put toward closing costs.
The previous deadline was June 30, 2011.
In addition, real estate agents who sell Fannie Mae-owned homes to homebuyers not investors will receive $1,200 bonuses.
Its a two-pronged strategy that is designed to energize the sale of homes, as well as create a sense of urgency among those who may be on the fence or waiting for the right time.
Joe Bettag, a Florida-based real estate broker/owner, tells the Palm Beach Post:
According to the report, Fannie Mae sold 62,815 homes already in the first quarter of 2011 2/3 of which went to full-time homeowners. It currently has about 70,000 foreclosed home for sale nationwide.
To search for Fannie Mae-owned homes for sale in your area and to capitalize on the limited-time incentives
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