![]() ![]() HomeSteps® is the Freddie Mac sales unit responsible for marketing and selling Freddie Mac real estate owned (REO) homes to homeowners and investors. It's intent is to provide these buyer types a period of time, before investors, to purchase a home in order to strengthen our communities. One may also ask, what is first look in real estate? Fannie Mae's First Look program is offered to promote homeownership and neighborhood stabilization. In this regard, what is Fannie Mae First Look Initiative?įannie Mae's innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization - allowing homebuyers to negotiate and purchase foreclosed properties before they are made available to investors. ![]() The Freddie Mac First Look Initiative is an ongoing initiative which offers owner-occupant homebuyers and select non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 20 days of listing (30 days in Nevada, Cook County, IL, and the city of Detroit, MI)
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