Atlanta Buyers, Freddie Mac no longer offers two year home warranty for its owner occupant and second home buyers.  As of May 24, 2012, Freddie Mac ended the two year home warranty and started a new offering on May 25, 2012.  So glad that my Atlanta buyers who closed on May 18th, one week before the big change.

So now Freddie Mac is offering Atlanta buyers a $500 credit towards a one year home warranty.  The Atlanta buyer gets to choose the warranty company (previously Freddie Mac have a pre determined vendor), and the warranty company will be cut a check for the $500 credit at closing.  Other rules are still the same - owner occupant purchasing a first home or a second home that is a HomeSteps property.  Investors are not eligible to receive the home warranty credit.

I think the change is a good one.  It gives the Atlanta buyer the option to choose the home warranty company, and Freddie Mac is not stuck with tracking the renewal of the warranty after the first year of ownership.  I imagine there are Atlanta buyers who missed the one year renewal date and tried to involve Freddie Mac in getting the renewal done.  That sounds like a nightmare.

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