Freddie Mac, a top player in the home mortgage market, announced today that it will offer attractive new incentives to potential homebuyers who purchase foreclosure homes as part of the HomeSteps SmartBuy sales promotion.

Here’s the deal:

If you find and buy a foreclosure home through HomeSteps® as a primary residence, Freddie Mac will throw in a comprehensive two-year home warranty, as well as pay for your closing costs (up to 3.5 percent of the sales price).

To search for available Freddie Mac foreclosure listings in your area click here.

HomeSteps SmartBuy is a limited-time promotion. It will run from July 17, 2009, to Oct. 31, 2009. Closings must be complete no later than Dec. 31, 2009, to qualify.

The warranty program, which covers the “home’s electrical, plumbing, air conditioning and heating systems, plus major appliances such as water heaters, stoves, washers and dryers, dishwashers and refrigerators,” will be ongoing.

Keep in mind that you do not have to be a first-time buyer to participate — the home would just have to serve as your primary residence (not a vacation home, investment property, etc.) However, the good news is that if you are a first timer you can take advantage of the $8,000 tax credit that expires on Dec. 1, 2009.

HomeSteps SmartBuy is just another reason to get in on the action while the gettin’ is good — act now before it’s too late! The clock is ticking … literally.

For more information please visit www.HomeSteps.com or call (800) 972-7555.

To search foreclosed homes in Long Island and other New York areas click here.

Fannie Mae — among the largest mortgage lending institutions in the nation — has introduced an attractive financing program to “jump-start sales” of its homes in South Florida and beyond, according to the Daily Business Review.

HomePath.com, which includes all properties that are owned by Fannie Mae, will now offer homebuyers the opportunity to purchase foreclosures with just 3 percent down through its HomePath® Mortgage Financing program.

The report indicates that “buyers of Fannie Mae-owned homes can finance up to 97 percent of the sale price and don’t need to buy mortgage insurance, typically a requirement of low down-payment loans.”

Jane Severn, Fannie Mae director of new business initiatives, had this to say about the financing program:

“We heard from buyers that getting financing is one of their biggest challenges when looking to buy a property, particularly foreclosed properties. We are trying to be as flexible as possible for someone to buy a Fannie Mae home.”

There is a wide selection of homes currently listed on HomePath.com, including single-family homes, condominiums, and town houses, which are located in a variety of neighborhoods in all corners of the United States.

To check out the Fannie Mae-owned homes available in your area today visit HomePath.com.

Classes meet every Thursday morning at the Palm Beach County Courthouse in West Palm Beach, Fla., at 9:30 a.m. ET. Call (866) 382-2439 today to reserve your spot!

Now you can find your dream home even “quicker” and for less!

QuickSale℠ is the absolute best place on the Internet to find the hottest distressed real estate deals in your area. What has that got to do with Foreclosure.com?

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