If you are looking for a quick buy of a foreclosure and want to save some significant cash, you better get moving to participate in Freddie Mac’s The HomeSteps-SmartBuy program. The program that will cover your closing costs if you buy one of the Freddie Mac owned foreclosures is ending at the end of the month.
A pretty good deal if you move quickly.
The HomeSteps-SmartBuy program, created on July 17, 2009, was designed by Freddie Mac to help homebuyers with their closing cost expenses. Under the program, the mortgage giant offers to pay up to 3.5 percent or actual closing costs, whichever is lower for owner-occupied, financed homes and up to 1 percent for owner occupied cash sale homes. Investors are not eligible for this program.
HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes. The program also includes a comprehensive two-year home warranty on HomeSteps homes. Although the closing cost offer expires October 30, the warranty will be ongoing. via UPI
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This is a great deal. Just not enough inventory in San Diego.
It has been a very effective way for younger people to buy. Here is another idea on how I sold my home in one day – http://www.emailyogi.com/2009/10/how-i-sold-my-ho…
A pleasingly raiatonl answer. Good to hear from you.