Posted by Rob Ricker on May 14, 2005 at 21:30:10:
but it will be listed with an agent. Freddie Mac and Hud are two entirely different organizations. Hud is a governement agency. Freddie Mac (and Fannie Mae) are private companies which were created by the government to expand the secondary market for mortgage based securities. Freddie will list with the local realtor of their choice (usually around fair market value, but sometimes under that in certain areas)
Federal Home Loan Mortgage Corp - what?? - Posted by PJ
Posted by PJ on May 12, 2005 at 15:34:11:
I am looking at a deed where CHASE MANHATTAN has deeded a property over to Federal Home Loan Mortgage Corp VIA Special Warranty Deed.
What does this say?
The bank foreclosed on the house and they sold it to Federal Home Loan Mortgage Corp ?
WHO is Federal Home Loan Mortgage Corp ?
Re: Federal Home Loan Mortgage Corp - what?? - Posted by luke-NC
Posted by luke-NC on May 12, 2005 at 16:50:50:
I think this is Freddie Mac a government backed mortgage buyer. They back a number of loans. So when a freddie-mac backed loan is foreclosed they get the deed.
So… - Posted by PJ
Posted by PJ on May 13, 2005 at 21:14:52:
So, that means this home was foreclosed on and the lender deeded property back to FREDDI MAC.
Does that mean that this is now a HUD home and will be listed with an Agent ?