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Freddie Mac is a private company that backs many of the home loans consumers use to purchase their homes and properties. The Freddie Mac company secures the loans to consumers with liens on the borrower’s property. If the borrower fails to make payments, the house becomes the property of Freddie Mac, who resells it as soon as possible to mitigate their loss on the bad debt.
As a prospective home buyer, you have many options in your search to find an affordable home. One of those options today is the purchase of a home that has been foreclosed and is currently owned by Freddie Mac. Since Freddie Mac loans require very little out-of-pocket expense for the borrower, Freddie Mac properties have a higher default rate than other loans requiring a down payment. When the Freddie Mac forecloses on a home, the property is auctioned off to repay the debt. Bid on The Freddie Mac homes in your area!
The Freddie Mac company and its sibling company, Fannie Mae, has strict guidelines for the homes it authorizes loans for. The loan can only be granted to a home in a state of good repair. When Freddie Mac has a home returned to them through foreclosure, it often just needs cosmetic help, if any. Freddie Mac also has homes in its inventory that are just about move-in ready. So bring your lawnmower and your bidding number to the next Freddie Mac auction. To start your Freddie Mac properties search, click here!
Not everyone knows when Freddie Mac properties are being auctioned. Those who do know have an advantage when building their nest egg. Whether you are seeking a Freddie Mac property for your personal residence or to rent out to build your net worth, never pay market value again. Find out where the next Freddie Mac property auction is close to you for piece of a great investment!
Don’t let the banks and real estate agents keep all the profit for themselves! Freddie Mac property auctions are open to the public. And once you know where to go and how to register, you will be on your way to acquiring your own Freddie Mac foreclosed properties. The real estate market has been more stable than the stock market! Start investing in foreclosed properties today for that extra income we all need!
Foreclosures of Freddie Mac properties include multi-unit properties too! You won’t find a high-rise building, but you just might find a duplex, triplex or fourplex, in accordance with Freddie Mac lending guidelines. Get in on more than just single-family properties on the Freddie Mac auction list!
Whether you want to find a single family residence in your area, a duplex, triplex or four unit residences, click here to learn what insiders already know about Freddie Mac properties!
Some of the more common auction items include:
used autos • marine vehicles • jet skis • aircrafts • homes • real estate • commercial property • farm equipment • industrial • business • electronics • computers • antiques • art • coins • stamps • appliances • guns • travel • collectibles • clothing • crafts • boats • bikes • motorcycles • mobile homes • jewelry • toys • cars • trucks • mopeds • bicycles • cameras • televisions • clocks • furniture • unclaimed property • abandoned property • personal property • office furniture • condominiums • town homes • commercial property • vacant land • single family homes • machinery • tools • hardware • building supplies
and much, much more...
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