""Freddie Mac's"":http://www.freddiemac.com REO disposition unit ""HomeSteps"":http://www.homesteps.com rolled out a new program this week aimed at trimming its inventory of foreclosed condominiums.
HomeSteps' ""Condo Cash"" is a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues.
[IMAGE] [COLUMN_BREAK]The McLean, Virginia-based GSE is extending the incentive to buyers who submit offers between August 15 and November 15, 2011 and close escrows by December 30, 2011.
HomeSteps' Condo Cash offer is valid only on HomeSteps homes that have been on the market for at least 120 days and are sold to owner-occupant buyers.
A two-year ""Home Protect"":http://www.HomeSteps.com/smartbuy limited home warranty that covers electrical, plumbing, air conditioning, heating, and other major systems and appliances is offered on some eligible HomeSteps homes.
Home Protect also provides discounts of up to 30 percent on the purchase of appliances.
The Condo Cash incentive is not available on HomeSteps condominiums purchased through auctions, sealed bids, bulk sales, or in areas where such offers are prohibited by law.