What is a "home burial?

What is "Home Steps" program of Freddie Mac ? Any Pros and Cons ?

• was browsing the local MLS site and came across a home where it is mentioned in the description that it is a "Home Steps" home. I googled it and found their website where it says "HomeSteps, A Freddie Mac Unit" (BTW, I heard about Freddie Mac and Fannie Mae but do not know much about those stuff). In their website there is not much information available and I am trying to get some inputs. My feeling is that, it has something to do with foreclosures.. Not sure though.. Anyways, my Questions are If I am intrested in a 'Home steps" home, Can I Proceed on the same traditional way (Meaning , My own buyers agent, My own Inspection, Option Period, Offer-Counter Offer, Mortgage Broker, Buyer Agent Cash, back at closing, Title, Insurance) ? Is there any PROS on buying a "Home steps" home ? Is there any CONS on buying a "Home Steps" home ? Anything else I should be 'Keeping an eye" on ?

• Answer:

  To the best of my knowledge, this is a program really designed for the real estate agent to earn "credits" or something through freddie Mac. The One thing I have learned in the many processes of buying homes in my lifetime is that you find yourself a good reliable loan officer who works for a good reputable company. I have used the same individual for many years and I have ALWAYS been satisfied with how he handles my ventures. Good Luck!!