Fannie Mae announced they are extending its seller incentive program for two months. The program provides 3.5 percent of the final sales price on its REO properties toward closing costs or the seller’s choice of appliances. Originally to end on May 1, the offer is now available through June 30, 2010 to any owner-occupant who closes on a REO property listed on HomePath. REOs, or real-estate owned properties, are those in the final stage of foreclosure where the property did not sell at auction and is now being marketing by the lenders. Just because a property does not sell at auction does not mean there are major issues. Many buyers opt to wait for post-foreclosures or REO because they are able to better inspect the properties as well as get a better deal. Fannie Mae owns the properties listed on www.HomePath.com. Available properties include single-family homes, condos and town houses. There is a huge inventory of properties and surely one will fit your needs. This program has been successful at re-stabilizing neighborhoods and move properties quickly off the market by providing special financing for eligible buyers, including 3 percent down deals. This is a continued window of opportunity for individuals who missed the home buyer’s tax credit. To find other great Florida REO properties, visit Trent Realty Listings page!