With its financial incentives that helps buyers close on a Fannie Mae HomePath REO property about to expire at the end of this month, the government-sponsored enterprise has extended the program through Oct. 31 with an additional bonus.

To spark more interest in its massive holdings of foreclosed properties, Fannie Mae is still offering to cover up to 3.5% of closing cost assistance for homeowners who close on a house by the end of October. At the same time, selling agents representing an owner-occupant buyer will also receive a $1,200 bonus if the property closes by the deadline.

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