Winter REO Sale by Freddie Mac

HomeSteps, which is a real estate sales unit for Freddie Mac, started a promotion to sell some of the foreclosed inventory in several cities across the United States.

The "Winter Sales Promotion" for owner/occupant home buyers includes:

For initial offers received between November 15 and January 31, paying up to 3% of the final sales price for the homebuyers closing costs. The escrow must be closed no later than March 15, 2012 in order to qualify.

Selling Bonus

During the same time frame, a $1,000 selling agent bonus will be available. The bonus is available in "District of Columbia, 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 last promotion includes a 2-year Home Protect limited warranty that will cover things like electrical, air conditioning, heating, plumbing, appliances, and other main systems. Home Protect will also offer a discount to homebuyers of up to 30% on appliances purchased. To learn more about requirements to be eligible for the discount you can visit www.HomeSteps.com/smartbuy.