Image via WikipediaSeller agents will receive $1,000 for each transaction they close in specific locations. HomeSteps, the sales arm of Freddie Mac, will pay the bonus to agents. Initial offers must be received between November 15, 2011 and January 31, 2012.
Freddie Mac is also giving additional incentives to owner occupants. Freddie Mac will help with the closing costs up to 3% of the final sales price.
In addition, some HomeSteps homes can qualify for a two-year Home Protect home warranty plan. The plan covers electrical, plumbing, air conditioning, heating, appliances and other major systems. Owner occupants are also eligible for a discount of 30 percent on the purchase of appliances.
Currently, Freddie Mac is selling more homes than it is taking in. For the third quarter this year it sold 25,387 houses. The number of homes Freddie acquired through foreclosure during the same time was 24,385.
Freddie Mac continues to get top dollar for its properties. The average price is 94% of the market price. Let's hope that this trend continues and that Freddie does not ask for a bailout.
For more news on mortgages, Freddie Mac and refinancing please visit:
House Refinance Center
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Fannie Mae Has A House For You: A Plan To Sell Foreclosures
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Buy A Freddie Mac Home: Great For The Community Plus Bargain Prices
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The good news is that just because you lost your home to foreclosure, this does not mean you’ll never be able to buy another.Home Refinance Loan
ReplyDeleteRefinancing your home loan enables you to replace your existing home loan with a new home loan with better terms while giving you the opportunity to get cash back from the equity you have built in your home.
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