Freddie Mac-owned homes reserved for buyers with special financing

Dozens of Inland Empire properties will be auctioned in April to owner-occupant buyers, using special Neighborhood Stabilization Program funding.

Investor buyers will not be allowed to purchase any of these homes, clearing a major hurdle for first-time buyers who have become accustomed to losing out to cash buyers. Winning bids automatically include 3.5 percent seller contribution for the buyer's closing costs and a two-year home warranty. The homes are all in livable condition, and buyers will have a chance to preview them before the auction.

Prospective buyers must pre-register at least 24 hours before the auction and must have a loan preapproval from an approved lender.

This is an incredible opportunity for buyers entry-level homes who have little down payment money and cannot compete in a white-hot real estate market.

For more information, contact us at the number below for a list of homes and an appointment to meet with an approved lender.

Brian Bean
Real Estate Broker
951-314-5402
Brian@BigDreamInc.com

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula