Fannie to Offer Practitioners $1,200 Bonus

June 14, 2011

Fannie Mae plans to offer a cash incentive of $1,200 to real estate practitioners who sell real-estate owned properties on behalf of the company to owner-occupants, confirmed a high-level staffer during a panel at the REO Expo conference in Fort Worth, Texas.

Fannie Mae already offers up to 3.5 percent off buyer closing cost per property. It also plans to introduce other programs for agents who pay to maintain real-estate owned properties.

Details about the incentive program are available on Fannie Mae's HomePath Web site.

Source: "Fannie Mae Offering REO Agents $1,200 Incentive," Housing Wire (06/14/11)

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