Freddie Mac foreclosures for sale a ‘Smart Buy’

Freddie Mac foreclosures for sale a ‘Smart Buy’
Freddie Mac, a top player in the home mortgage market, announced today that it will offer attractive new incentives to potential homebuyers who purchase foreclosure homes as part of the HomeSteps SmartBuy sales promotion. Here’s the deal: If you find and buy a foreclosure home through HomeSteps® as a primary residence, Freddie Mac will throw in a [...]

Freddie Mac, a top player in the home mortgage market, announced today that it will offer attractive new incentives to potential homebuyers who purchase foreclosure homes as part of the HomeSteps SmartBuy sales promotion.

Here’s the deal:

If you find and buy a foreclosure home through HomeSteps® as a primary residence, Freddie Mac will throw in a comprehensive two-year home warranty, as well as pay for your closing costs (up to 3.5 percent of the sales price).

To search for available Freddie Mac foreclosure listings in your area click here.

HomeSteps SmartBuy is a limited-time promotion. It will run from July 17, 2009, to Oct. 31, 2009. Closings must be complete no later than Dec. 31, 2009, to qualify.

The warranty program, which covers the “home’s electrical, plumbing, air conditioning and heating systems, plus major appliances such as water heaters, stoves, washers and dryers, dishwashers and refrigerators,” will be ongoing.

Keep in mind that you do not have to be a first-time buyer to participate — the home would just have to serve as your primary residence (not a vacation home, investment property, etc.) However, the good news is that if you are a first timer you can take advantage of the $8,000 tax credit that expires on Dec. 1, 2009.

HomeSteps SmartBuy is just another reason to get in on the action while the gettin’ is good — act now before it’s too late! The clock is ticking … literally.

For more information please visit www.HomeSteps.com or call (800) 972-7555.