Fannie Mae to Offer Closing Costs on Foreclosed Properties
In order to liquidate the inventory accumulated from foreclosures, Fannie Mae announced that it will assist buyers of qualified properties up to 3.5% in closing costs or equivalent amount to purchase new appliances.
Fannie Mae also created a site to help sell their inventory of foreclosed homes, HomePath.com
Note: Fannie Mae is a government controlled company who is the largest American home funder in the United States.
To find out more and the qualifications click here
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