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Freddie Mac offers incentives on REOs

$1,200 bonus to buyer's agents on sales that close by Sept. 30
Published on May 17, 2011

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by CareyBot

Hoping to boost sales of foreclosed homes, Freddie Mac is offering up to 3.5 percent in closing-cost assistance to homebuyers and a $1,200 bonus to buyer's agents for offers on HomeSteps properties received by July 31 with escrow closing on or before Sept. 30.

On the purchase of a home priced at $150,000, for example, HomeSteps will pay up to $5,250 toward closing costs. Investors are not eligible for Freddie Mac's HomeSteps summer sales promotion -- only homes sold to owner-occupants qualify.

Similar closing-cost incentives offered by