Fannie Mae offers bonus to Realtors to drive sales of its foreclosed homes
Federal mortgage backer Fannie Mae hopes to energize sales of its repossessed homes with a new $1,200 bonus to Realtors and an extension of closing cost help to homebuyers.
Tuesday’s announcement came as a June 30 deadline approached for homebuyers to earn up to 3.5 percent of the final sales price on a home to put toward closing costs. That offer is now good on contracts closed by Oct. 31.
Palm Beach County has about 850 homes listed on Fannie Mae’s HomePath sales website, www.homepath.com. Statewide, nearly 5,900 homes are listed.
The $1,200 bonus to the selling agent only applies if the buyer plans to live in the home. Investor sales are not eligible.
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