Fannie Mae announces new 3.5% in closing costs assistance.

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> Fannie Mae Announces 3.5% Buyer Assistance on REO
Properties


Fannie Mae announced Monday that borrowers purchasing a Fannie Mae-owned
property through HomePath, the GSE's REO disposition operation, will receive
up to 3.5 percent in closing cost assistance. The company has implemented
this temporary buyer assistance program fairly regularly since the beginning
of last year -- a strategy aimed at helping the GSE unload a bloated supply
of repossessed homes. Fannie Mae acquired 262,078 single-family REO
properties through foreclosure in 2010, compared with 145,617 in 2009.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766