Housing wire announced this week that Fannie Mae is adding to government home buy incentives.

They are offering a 3.5% discount on REOs to owner occupant buyers in order to reduce the large amount of vacant houses and bolster neighborhoods.

The discount can be applied toward's buyer costs etc and must be taken advantage of by May 2010.

You can check out these properties at HomePath.Com

3.5% Discount is a nice start, but homeowners are continuing to lose homes to banks that do not have the proper systems in place to work with homeowners to resolve their individual situations.


Additionally, while there have been some government consessions to relax constraints placed on real estate investors, more incentive is needed to allow inventory to move and be sold quickly.


Recent legislation just seems to hamper efforts by investors, while both sides should be working in unison.



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