Fannie Mae has announced that it’s 3.5% close cost credit – available in 27 states on “first look” REO properties – will be extended. Buyers must be under contract by April 30th and close by June 30th. Illinois is included in this list!
First look gives owner occupant & public entity buyers the opportunity to bid on REO (real-estate owned, or foreclosures) during the first 20 days on market, without competing against investors.
Read the full release: