Winter Foreclosure Specials

The winter holiday season is not without its share of retail sales and deals.  This year, Freddie Mac has decided to extend those same types of deals to the real estate market.  The Federal Home Loan Mortgage Corporation (FHLMC or “Freddie Mac”) is offering to pay up to 3% of buyer closing costs, for a limited time, as a Winter Sales Promotion.   Freddie Mac has timed this promotion to coincide with all-time low mortgage interest rates and affordable housing prices. By implementing and utilizing the HomeSteps® program, Freddie Mac is working with home owners and Realtors to sell their foreclosure inventory throughout the winter months.

The Winter Sales Promotion (also known as the SmartBuy) offers a HomeProtect 2 year home warranty plan along with an appliance discount program which, in most cases, provides a discount of up to 30% on new appliances.   The warranty specials and appliance discounts are provided in addition to the 3% buyer closing cost incentive.  Specific terms and details about any Freddie Mac program should be reviewed by your Reatlor® prior to making a purchase offer. 

If you have questions about this program or others in your Central Ohio market contact: Greg Watson for a thorough explanation.

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