As more and more REO properties come onto the market, Fannie Mae (FNMA which stands for Federal National Mortgage Association) just announced a new incentive (for a limited time) on Home Path properties to entice buyers to purchase more REO properties.

Buyers will be offered an incentive of 3.5% of the sales price during the offer and negotiations of an REO property to be used towards CLOSING COSTS OR PURCHASE OF APPLIANCES by Fannie Mae OR A MIX OF CLOSING COSTS, APPLIANCES up to the 3.5%.  The guidelines on the eligibility for the incentive are as follows...OFFER MUST BE ACCEPTED ON OR AFTER JANUARY 28, 2010 which means if you've already got an accepted offer January 28th or before, this incentive will not apply.  The property MUST FUND BEFORE MAY 1, 2010 and BUYER MUST BE OWNER-OCCUPANT.

REMEMBER, this is for a LIMITED TIME ONLY between January 28 -April 30, 2010.

What a GREAT TIME TO BE A BUYER IN HERNANDO COUNTY!  Take advantage of  these programs and remember the first step is to get pre-approved by a direct lender, call a Realtor today and begin househunting for that new place to call home.

Remember, we'll keep you posted!
Have a great night and Enjoy!