Freddie Mac Gets Real on Agent Sales Promotion

Freddie Mac launched a sales promotion for its inventory of foreclosed homes in select states. Under the HomeSteps Winter Sales Promotion, HomeSteps will pay up to 3% of the final sales price towards the buyer’s closing costs and a $1,000 selling agent bonus for initial offers received between Nov. 15 and Jan. 31, 2012.

Freddie Mac sold a record number of real estate owned properties in 2011 at 94% of market value and accounted for 4.4% of the nation’s inventory of foreclosed properties as of Sept. 30. But accept no substitutes! The offer is valid only on HomeSteps homes sold to owner-occupant buyers.

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