On the heels of a similar announcement by FannieMae, FHLMC (Freddie Mac) today announced a sales promotion for its inventory of REOs.
The HomeStep Summer Sales Promotion offers up to 3.5% incentive for buyers' actual closing costs on single family, owner-occupied, financed, residential use dwellings. Auction, sealed bid and bulk sale properties are not eligible. In addition, a 2-Year HomeProtect Limited Home Warranty and discounts of up to 30% on the purchase of appliances are available.
For selling agents, there is a $1,200 Bonus (not available on investor purchases). To learn more about their REOs, be sure to view this brief FreddieMac training video. Join the HomeBase Membership Network to connect with customers looking for a home!
Initial offers must be received between May 16 and July 31, 2011, and escrows must close on or before September 30, 2011.
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