Freddie Expands REO Winter Sale to More States
November 23, 2011
Six more states -- now bringing the total to 33 -- will participate in a winter sales promotion as Freddie Mac’s HomeSteps looks to unload its high REO inventory.
The six states added are Alaska, Kansas, Kentucky, Missouri, Oregon, and Washington. To view a complete list of all states participating in the winter promo as well as eligibility requirements, visit www.HomeSteps.com/smartbuy.
"We're expanding our winter promotion to focus additional incentives to encourage strong sales activity in our 'cold weather' states over the next several months." HomeSteps executive Chris Bowden said in a statement.
HomeSteps’ Winter Sales Promotion for buyers includes paying up to 3 percent of the final sales price toward a buyer’s closing costs for offers received between Nov. 15 and Jan. 31, 2012. (To qualify, escrow must be closed on or before March 15, 2012.) Selling agents may also be eligible for a $1,000 selling bonus through the program.
Source: “Freddie Mac Adds Six More States to REO Winter Promo,” HousingWire (Nov. 22, 2011)
Updated: July 15, 2020