Josh Bottfeld

 Fannie Mae markets its’ REO’s through a program called HomePath Properties.  Under a new incentive program, owner-occupants and public entities that buy a HomePath Property between now and the end of the year can receive up to 3.5% of the purchase price in closing cost assistance (funds can also be used to purchase a home warranty). 
 Properties bought from pools, at auction, or by investors are not eligible for the 3.5% credit. The sale must close within 60 days of acceptance of the offer and no later than December 31, 2010.  The incentive must be requested in the initial offer.