Winter REO Sale


Freddie Mac Launches Winter REO Sale
Daily Real Estate News | Wednesday, November 16, 2011
HomeSteps, a Freddie Mac real estate sales unit, kicked off a sales promotion this week to unload some of its inventory of foreclosed homes in several cities.

Its Winter Sales Promotion for owner-occupant buyers includes:

•Paying up to 3 percent of the final sales price toward the buyer’s closing costs for initial offers received between Nov. 15 and Jan. 31, 2012. Escrow must be closed on or before March 15, 2012, to qualify.
•A $1,000 selling agent bonus is also available for offers received in that timeframe. The bonus is available in 28 states and the District of Columbia, including: Colorado, Connecticut, Delaware, Iowa, Idaho, Illinois, Indiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Montana, North Dakota, Nebraska, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Dakota, Utah, Virginia, Vermont, Wisconsin, West Virginia, and Wyoming.
•Two-year Home Protect limited home warranty, which covers such things as the heating, air conditioning, electrical, plumbing, and other major systems and appliances. Home Protect also will offer a discount of up to 30 percent on the purchase of appliances. (For eligibility requirements, visit http://www.HomeSteps.com/smartbuy.)
For more information on the HomeSteps Winter Sales Promotion, visit http://www.HomeSteps.com.

Source: Freddie Mac

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