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May 20, 2012
Freddie Mac foreclosures are becoming a popular choice amongst first time buyers and real estate investors. These properties are listed for sale through HomeSteps; a home purchase program that offers discount properties and special incentives.
Freddie Mac foreclosures are nearly identical to Fannie Mae properties sold through Home Path Mortgage. Both programs offer a first look initiative that gives individual buyers first right to buy during the initial 15 days of listing. Afterwards, real estate investors are allowed to submit purchase offers.