Freddie Mac Launches Winter Sales Promotion For REOs

HomeSteps, the real estate sales unit of Freddie Mac, has introduced a new winter sales promotion that offers closing-cost assistance and bonuses for selling agents.

Under the terms of the promotion, HomSteps will pay up to 3% of the final sales price toward the buyer's closing costs and a $1,000 selling agent bonus for initial offers received by HomeSteps between Nov. 15 and Jan. 31, 2012, with escrow closed on or before March 15, 2012.

The selling agent bonus is only available on HomeSteps sales in the District of Columbia and the following 28 states: 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.

The offer is valid only on HomeSteps homes sold to owner-occupant buyers, who account for roughly 70% of the homes that Freddie Mac sells.

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