Freddie Mac introduced HomeSteps recently. This is their foreclosed home inventory and is similar to Fannie Mae's Homepath program (only there is no special loan program for HomeSteps). HomeSteps does offer closing cost help for a buyer and a nice discount on new appliances in addition to a two year home warranty.
If you have not signed up to represent buyers or sellers yet, now is the time. The inventory will likely increase as the distressed inventory continues and more of the properties are sold through Fannie and Freddie. Homesteps is fairly new so now is a good time to get in on the ground floor.
Here is the link for the Homesteps page:
Below are links to Homepath and also to the HUD portal where other REO inventory (and therefore agent listing or selling opportunities) can be found:
http://portal.hud.gov/hudportal/HUD?src=/topics/homes_for_sale
These programs need experienced and knowledgeable agents to guide clients through what can be a very confusing process, especially in this challenging market.
Comments(6)