It's really unfortunate that Freddie Mac still won't accept contingencies based on a client's home selling even in this market in California. Just goes to show you the banks will still play by their own rules. They would rather take a cash offer from an investor that will just flip the house. When they could open up the opportunity to good local buyers that want to make it a home.... more
Freddie Mac foreclosures are homes that have gone into default and been returned to the FHMLC. They are usually cheap homes for sale, as government foreclosures are generally priced well below market. Additionally, Freddie Mac foreclosures are usually incentivized with low rate mortgages and low closing costs.
This happen to me in lake bluff in 2008 and i requested and they paid for after (Credit) ....ask nicely to the listing agent no Attorney , depend of the listing agent and his recommendations to freddie... more