August 16, 2011 (Shirley Allen)
Freddie Mac is offering a new round of buyer assistance on homes in its HomeSteps foreclosure inventory now through November 15, 2011. The new program, “Condo Cash,” provides cash assistance to eligible condominium buyers for standard association dues.
The offer is only valid for owner-occupant buyers who purchase an eligible condominium that has been on the market for at least 120 days through Freddie Mac’s HomeSteps real estate sales unit.
The program provides for buyer assistance of up to $1,500 for standard condominium association dues. Condo Cash is available to buyers who submit an offer between August 15 and November 15, 2011 and close escrow on or before December 20, 2011.
Some homes may also qualify for a two year Home Protect limited home warranty that covers electrical, plumbing, air conditioning, heating and other major systems and appliances. Home Protect also provides discounts of up to 30 percent on the purchase of appliances.
Freddie Mac strives to have the best property and sales standards in the country through HomeSteps, requiring their supplier network to adhere to its HomeSteps Good Neighbor Practices.
The Good Neighbor Practices protects neighborhood values by requiring participating agents to show a clean and maintained home and sell them at market prices.
Additional information can be found on the HomeSteps website.
Tags: HomeSteps, Freddie Mac, condo cash, home protection warranty, best property, market prices, maintained homes