Freddie Mac Foreclosed Home Sales Event on Now!

May 16, 2011 No Comments »

tent sale

Ladies and gentlemen, boys and girls, the Freddie Mac summer sales event is on now!

Yep, you heard right. The heavily indebted mortgage financier launched a a nationwide sales promotion for its inventory of foreclosed homes today.

The so-called “HomeSteps Summer Sales Promotion” offers up to 3.5 percent buyer’s closing costs and a $1,200 selling agent bonus for offers received between May 16, 2011 – July 31, 2011 and escrows closed on or before September 30, 2011.

But it’s only valid on HomeSteps homes sold to owner-occupant buyers; sorry investors

Additionally, a two-year Home Protect® limited home warranty is offered on some eligible HomeSteps homes.

It covers electrical, plumbing, air conditioning, heating and other major systems and appliances, and also provides discounts up to 30 percent on the purchase of appliances.

So if you’re in the market for a new home this summer, you may want to give the HomeSteps properties a glance, which you can do here.

As you may have expected, many of the foreclosed properties on offer are in fringy areas of metropolitan cities across the United States, those most affected by the ongoing mortgage crisis.

But if you’re lucky, you might be able to snag something on the cheap.

Fannie Mae offers a similar promotion via their HomePath properties.

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