Starting today, real estate agents who list or sell a foreclosed home owned by mortgage giant Freddie Mac in 23 select states will get cash when the sale of the home closes. The promotion applies to homes sold through Freddie Mac's real estate sales division, HomeSteps. Buyer's agents will receive a $1,000 incentive and listing agents a separate $500 incentive when an approved offer is received by April 15 and the transaction closes by May 30, the mortgage giant said. Freddie Mac also joined fellow mortgage giant Fannie Mae in offering an incentive to buyers of foreclosed homes. While Fannie Mae is currently offering 3.5 percent in closing cost assistance for deals that close by May 31, Freddie Mac is offering homebuyers $500 they can put toward condominium association dues, flood...
Feb 13, 2014 by Andrea V. Brambila
Jun 15, 2011 by Inman