Freddie Mac REO homes

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Freddie Mac exists as one of the most influential organizations representing the buyers of house mortgages. Freddie Mac was founded in 1970 by Congress to support the rental housing. Today Freddie Mac operates normally on the secondary mortgage markets being a GSE (government sponsored enterprise).

Freddie Mac creates its own foreclosures: it gets the mortgages, after it Freddie Mac unite them together to create one pool and it issues debt securities.

Freddie Mac was established to solve several particular problems, for example:

- to control the money supply in order to maintain the ability of financial companies to grant loans;
- to regulate the level of price on foreclosure markets;
- to save stable situation on foreclosure market.

In order to solve the problems mentioned company deals with Freddie Mac REO homes. One has to mention that Freddie Mac doesnt keep direct contact with its clients but purchases all mortgages on secondary market.

Freddie Mac became a leading organization in three main branches:

- providing a single family loan guarantees;
- providing means for multifamily loans;
- investing money, operating with Freddie Mac foreclosure properties and securitizing of mortgages.

Today Freddie Mac became the biggest organization controlling the housing markets in the United States of America.

Use this website to search thousands of Freddie Mac REO homes including a lot of other bank foreclosures and government tax foreclosures

Find REO or short sale agent

To buy a REO house, the foreclosure which belongs to bank, one needs to choose the particular house he is interested in. This is the main reason to create detailed lists of REOs available. As a rule dealing with foreclosure allows buyers to get a house, paying for it less, then normal market price.

But it happens, that prices in such kind of lists are too high or too low or maybe exactly right. If you buy real estate on foreclosure market for the first time, it is highly recommended to find a professional agent. Agents have priceless experience of dealing with REO and knowledge, which will help you to benefit from this operation. The agent should work having your interest as the highest priority.

How To Find A Professional REO agent? Try to find an agent who is busy, not one who has three or four client per year. If an agent is busy with plenty of deals it shows that he probably has a wide range of connections with sellers and buyers of REO property.