January 11, 2011 (Shirley Allen)

Everyone knows that there’s no shortage of homes on the market right now. But if you’re looking for a home that has been foreclosed for a great price with a couple benefits that traditional foreclosures don’t have, check out buying a home from Freddie Mac. They have over 75,000 homes across the country waiting for new owners.

First, go to http://www.homesteps.com/, the real estate unit of Freddie Mac, where you can search for homes by location, price and size.

Then, find a local agent or broker that is licensed to sell Freddie Mac homes. This is a must, otherwise you won’t be able to take advantage of the great deals Freddie Mac has to offer!

And if you want to make home searching easier, register for Freddie Mac’s free HomeSteps HomeBase membership network and let it do the home hunting for you. As a member you’ll receive custom property lists emailed you to weekly, along with information about new sales promotions and educational seminars.

In addition to getting a well-maintained home at a fair market value, you may be able to take advantage of Freddie Mac’s HomeSteps SmartBuy program offering owner-occupant buyers a limited two-year HomeProtect Home Warranty* plus an appliance discount (up to 30 percent savings).

Tags: foreclosed homes, freddie mac, homesteps, property lists, sales promotions, seminars, fair market value