Fannie Offers Closing Cost Help for REOs - To spark more interest in its massive holdings of foreclosed properties, Fannie Mae is offering to cover up to 3.5% of closings for homeowners who can close by June 30. Fannie sells most its REO properties through HomePath, which also provides financing for second homes and investment properties. Buyers receiving closing cost assistance must certify that they will be owner occupants. Read article:
http://www.nationalmortgagenews.com/dailybriefing/2010_323/fannie-offers-deals-1024282-1.html
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