In an effort to move some of its vast portfolio of REO properties, Freddie Mac announced today that they are offering up to $1500 in “Condo Cash” for eligible buyers of condominiums through Freddie’s HomeSteps program.
The $1500 is being offered to buyers who make an offer on a condo through the Freddie Mac HomeSteps program between August 15th and November 15, 2011. The $1500 is to be applied to condo association dues, and is only available on properties that have been on the market for 120 days. In order to claim the “Condo Cash” the buyer must be an owner-occupant, and must close prior to December 30, 2011.
For complete information on the program, check the HomeSteps website.
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