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Caterpillar expands home buying incentive

from Peoria Journal Star

An incentive program established to encourage the sale of homes owned by relocated Caterpillar Inc. employees will expand next week to in some instances also cover purchases of property from people moving into the new home. Beginning Aug. 1, Caterpillar will buy the house of anyone who purchases a home worth $300,000 or more in the company's relocation program — as long as the transaction represents at least a 25 percent increase in value between the old and new properties. more

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