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Alaska Among 6 States HomeSteps® Adds to Winter Sales Promotion with Closing Cost Assistance, Selling Agent Bonuses

MCLEAN, Va., Nov. 22, 2011 /PRNewswire/ -- HomeSteps, the real estate sales unit of Freddie Mac (OB: FMCC), is expanding its winter sales promotion to include Alaska, Kansas, Kentucky, Missouri, Oregon and Washington. The HomeSteps Winter Sales Promotion is now active in 33 states and the District of Columbia.

 -- The Winter Sales Promotion Selling Agent Bonus offer is also available in Colorado, Connecticut, Delaware, Iowa, Idaho, Illinois, Indiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Montana, North Dakota, Nebraska, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Dakota, Utah, Virginia, Vermont, Wisconsin, West Virginia, and Wyoming.

 -- HomeSteps' homes sell for an average of 95 percent of the estimated market price and accounted for about 4.4 percent of the nation's inventory of foreclosed properties as of September 30, 2011.

 -- 70 percent of HomeSteps homes are purchased by buyers intending to live in the homes as owner-occupants.

 -- Offers must be received by HomeSteps between November 15, 2011 and January 31, 2012 with escrow closed on or before March 15, 2012.

 -- The HomeSteps Winter Sales Promotion will pay up to 3 percent of the final sales price towards the borrower's closing, pay a $1,000 bonus to the selling agent, and provide a two-year Home Protect® limited home warranty. This offer is valid only on HomeSteps homes sold to owner-occupant buyers.

"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," said Chris Bowden, Vice President, HomeSteps.

For HomeSteps Winter Sales Promotion details and conditions, see http://www.HomeSteps.com.

Congress established Freddie Mac in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

SOURCE Freddie Mac

Web Site: http://www.freddiemac.com

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