Freddie Mac is Offering Free Home Warranty through Home Protect Warranty
It is great news for those buying foreclosed homes that Home Protect warranty is now offered at no cost by Freddie Mac as inducement to their customers. Freddie Mac is in the business of purchasing loans from lenders that can replenish their supply of funds and can make more mortgage loans to their borrowers.
Now Freddie Mac has declared that it will proffer $500 credit on home warranty to the home buyers who have bought the house through HomeSteps division. It is a bonus assurance offered to the homebuyers who have planned or bought their new home in the market, as this incentive has allowed the homeowners to obtain the Home Protection coverage plan without any additional investment on policy coverage.
This offer is only available for the homeowners who can purchase a qualified, foreclosed single-family home, townhouse or condominium.
Home Protect home warranty is a subsidiary of Cross Country Home Services company which offers varieties of residential service plans. The Home Protect Warranty protects consumers of Freddie Mac customers either by repairing or replacing the household appliances.
With the coverage policy of Home Protect, home buyers are safeguarded against unexpected appliance breakdown expenses. Home Protect’s enhanced coverage includes the warranty coverage of swimming pool, sump pump and even the unrealized pre-existing conditions. Such enhanced coverage is also important to consider at the time of unknown situation of foreclosed houses.
The company says the home protection is available on one or or 2 year terms. Both options offer the same coverage, with the access to Cross Country Home Services to buy appliances online. This helps buyers save money on the purchase of new appliances along with the warranty coverage with access to service provider network with more than 40,000 licensed and insured Service Professionals.
In addition, if you have decided to purchase a house from HomeSteps property which was discussed on or before May 24th 2012 for negotiation and is expected to close before August 31st 2012 you will be eligible to get two year Home Protect Home Warranty coverage. Buyers who have not yet purchased a property can still request the Home Protect program as their warranty of choice.